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

The federal government should provide sufficient funding to pay for required HECM counseling.

Proceeds from reverse mortgages should not affect homeowners’ eligibility for public benefit programs.

Policymakers should ensure that reverse mortgage servicers are not engaging in unfair, deceptive, or abusive practices.

Consumers should receive accurate, timely, and easily understood disclosures of risks and costs.

Investor-protection laws should be strengthened and adequately enforced.

Regulators should increase transparency, accountability, and independence.

Policymakers should promote transparency in the investment industry.

Registration as a financial professional should not be limited by the type of investment advice or nature of the advising entity.

Individuals should have adequate redress, including access to the courts and class actions.