New York, NY, December 09, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Ensuring the Veracity of Reverse Mortgage Advertisements: Managing Your Firm's CFPB Compliance. This two-hour event is scheduled on December 14, 2015 at 10:00 AM - 12:00 PM ET.
In June 2015, the Consumer Financial Protection Bureau (CFPB) released the results of a study on Reverse Mortgage Advertisements. The study revealed that, generally speakers, consumers were confused about reverse mortgage uses and claims, failed to understand the role of the government, and were left with false impressions about the implied added financial security.
A reverse mortgage is a special type of home loan that allows older homeowners to access the equity in their homes and defer payment of the loan until they die, sell, or move out. Based upon this study, the CFPB issued an "advisory" warning that a reverse mortgage is a home loan, not a government benefit; many companies often don't provide clear, honest information; and loss of a home is still possible with reverse mortgages.
The CFPB is not taking legal action against any reverse mortgage lender for misleading advertising. However, this should serve as a warning to companies that false, misleading, ambiguous, and overly complicated language in advertising reverse mortgages to the public may lead to legal action.
In this two-hour Live Webcast, a panel of distinguished professionals, thought leaders, and practitioners assembled by The Knowledge Group will review and discuss with attendees ways of Ensuring the Veracity of Reverse Mortgage Advertisements and Managing the Firm's CFPB Compliance.
Key topics include:
§ Reverse Mortgages
§ False Advertising of Reverse Mortgages
§ SAFE Act and Licensing Mortgage Loan Originators
§ State-level Regulation
§ Consumer Awareness, Attitudes and Motivations
§ Reverse Mortgage Advertising and TILA
§ RESPA Rules on Reverse Mortgage
§ HECM-style Consumer Protections
§ Compliance and Litigation Risks
Bradley Arant Boult Cummings LLP
James W. Wright, Jr.
Weltman, Weinberg & Reis Co., LPA
Jack J. Lah
For an updated list of the faculty panel, please visit: https://theknowledgegroup.org/event-homepage/?event_id=1366
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.