By a vote of 50 to 48, the Senate approved the nomination of Rohit Chopra to be director of the Consumer Financial Protection Bureau for a five-year term. … more Senate Advances Chopra Nomination As CFPB Director
Federal
Finance Committee Examines Opportunities to Enhance Retirement Security
The Senate Finance Committee held a hearing this week to examine ways Congress can build on bipartisan retirement legislation. Brian Graff, CEO of the American Retirement Association … more Finance Committee Examines Opportunities to Enhance Retirement Security
Senate Aging Committee Examines How Disabled Americans Can Build Wealth and Retirement Security
Last week, the U.S. Senate Special Committee on Aging held a hearing entitled, “Building Wealth and Fostering Independence: Creating Opportunities to Save” that examined the challenges that people … more Senate Aging Committee Examines How Disabled Americans Can Build Wealth and Retirement Security
Congress Looking to Make Further Changes to U.S. Retirement System
Less than two years after the Secure Act ushered in significant changes to the nation’s retirement system, more modifications may be on the horizon, according to a CNBC.com … more Congress Looking to Make Further Changes to U.S. Retirement System
Senate Confirms Todman to Be Deputy HUD Secretary
The Senate approved Adrianne Todman to be Deputy Secretary for Housing and Urban Development. The nomination was approved by voice vote on Thursday evening, June 10. Todman was … more Senate Confirms Todman to Be Deputy HUD Secretary
Senate Testimony: Reverse Mortgages Can Help Improve Retirement Security
Reverse mortgages offer a potentially useful tool to convert illiquid housing wealth into money to live on during retirement, according to congressional testimony provided by Shai Akabas (pictured), … more Senate Testimony: Reverse Mortgages Can Help Improve Retirement Security
White House Budget Forecasts Strong HECM Performance
The Biden Administration released a Fiscal Year 2022 proposed budget late last week that predicted strong economic numbers for the Home Equity Conversion Mortgage program during the next … more White House Budget Forecasts Strong HECM Performance
COVID Relief Bill Includes Funding to Help Delinquent Borrowers
The $1.9 trillion American Rescue Plan that President Biden signed last week contributes just under $10 billion to the Homeowners Assistance Fund that states will use to assist … more COVID Relief Bill Includes Funding to Help Delinquent Borrowers
Senate Approves Fudge As Housing Secretary
By a vote of 66 to 34, the Senate confirmed Marcia Fudge as the next Secretary of Housing and Urban Development, making her the first African-American woman to … more Senate Approves Fudge As Housing Secretary
Congressional Committee Rosters
The following committees have jurisdiction over reverse mortgages and the Home Equity Conversion Mortgage (HECM) program. U.S Senate Committee on Banking, Housing, and Urban Affairs Sen. Sherrod Brown … more Congressional Committee Rosters