Podcast #629: How CFPB Ruling Could Impact Advertising

by Shannon Hicks
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| August 4, 2020

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Show Summary

A recent CFPB action against a Chicago non-bank lender could potentially impact reverse mortgage advertising. The complaint centered on claims the lender engaged in redlining- a practice in which a lender discourages potential applicants who live in specific disadvantaged or poor neighborhoods from applying.

Other Stories:

NRMLA clarifies the most recent New York state mortgage regulations and their impact on reverse mortgage lenders.
A preview of this week’s Industry Leader Update which examines wealth inequality and the important role home equity plays.

Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.