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Regulators should eliminate unfair, deceptive, or abusive practices in the AFS industry. 

Programs that offer early wage access or pay advance benefits should be regulated as loans subject to state and federal law (see also

Policymakers should limit refinancing of consumer loans. They should eliminate rollovers, including taking a new loan out shortly after paying off a prior loan. 

Regulators should provide robust oversight to ensure compliance with federal, state, and local consumer protection laws.

All financial aid, including grants and federal student loans, should be exhausted before a student is offered an ISA. 

Policymakers should support the creation of permanent affordable homeownership options for people with low and moderate incomes.

Reverse mortgage proceeds should not affect homeowners’ eligibility for public benefit programs.

The federal government should require state CSBG and SSBG officials to consult with state and local agencies and organizations representing older people and other groups served by the programs.

Policymakers should explore new, more consumer-centered systems for providing low-income assistance. 

Policymakers at all levels of government should expand access to homeownership opportunities to help families build wealth and lock in affordable housing payments over the long term.