Policies should be in place to avoid unnecessary foreclosures.
Policymakers should create or extend programs that would address reverse mortgage foreclosures.
Proceeds from reverse mortgages should not affect homeowners’ eligibility for public benefit programs.
Federal legislation should provide a minimum level of consumer protections.
Regulators should provide effective oversight of the financial industry and enhance consumer protection.
All depository institutions should be required to provide an adequate level of banking services to individuals, including customers with low incomes.
Policymakers should conduct robust oversight and enforcement related to scams and fraud.
Higher education institutions should set tuition and fees in a manner that ensures affordability and increases educational opportunities for all.
All financial aid, including grants and federal student loans, should be exhausted before a student is offered an ISA.
During declared emergencies, federal student loan providers should defer payments automatically without penalty or interest.