U.S. banks and credit unions cite the constantly changing regulatory landscape as a major risk management concern in a new survey.
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Older Americans Carrying More Mortgage Debt
While the homeownership rate among Americans age 65 and older has remained at a constant 80 percent for the past decade, the percent of older Americans with outstanding mortgage debt has increased since the start of the housing crisis, according to a report released Wednesday by the Consumer Financial Protection Bureau (CFPB).
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