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Financial capability initiatives should increase the ability of all people to make informed decisions about the use and management of money.

Bankruptcy law should increase consumer protections.

Policymakers should create and rigorously enforce consumer protections in mortgage lending.

Policymakers should issue strong consumer protections against abusive loan servicing practices.

Policies should be in place to avoid unnecessary foreclosures.

States should have the ability to provide consumers with greater protections. Federal protections should serve as a minimum standard.

Congress should ensure the continuity of the home equity conversion mortgages (HECM) program by removing the annual limit on the number of HECMs.

The origination fee for HECM refinances should be lower than for the original loan.

Policymakers should create or extend programs that would address reverse mortgage foreclosures.

State and federal policymakers should improve disclosures to help borrowers understand the complexities of reverse mortgages (for both H