financial protection

CARSON CITY, Nev. — As social restrictions continue in support of public health, risks associated with isolation permeate among the aging population. According to a Wells Fargo study conducted by The Harris Poll from Nov. 17-19 , a quarter (25%) of all seniors age 60 and above report feeling isolated and lonely, and over a third (43%) can go days without talking to others and spend most of their time alone.

In a survey by the National Association of Professional Geriatric Care Managers, "71 percent of care managers surveyed said financial abuse and/or exploitation of the elderly is a growing problem."

It seems about 1 in 5 folks age 65 or older have been victimized by financial fraud. The National Council on Aging said "over 90 percent of reported elder abuse is committed by the older person's own family members."

Beginning Oct. 3, most mortgage transactions will be required to be completed on new disclosure forms created by the Consumer Financial Protection Bureau. The new forms – the Loan Estimate and Closing Disclosure – have been designed to improve consumer understanding of the mortgage process sooner, assist consumers with comparison shopping, and prevent unexpected issues at the time of closing.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

USDA Rural Development and its two close housing partners, Nevada Housing Division and the Nevada Rural Housing Authority on Tuesday celebrated National Homeownership Month with a "Power Hour" to brief real estate professionals on the changes in real estate law resulting from the 2015 Nevada State Legislature and to honor their work to leverage homeownership across the state.

Nevada Attorney General Catherine Cortez Masto announced this week a $550 million joint state-federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to address mortgage origination, servicing, and foreclosure abuses. It is estimated that eligible Nevada homeowner’s will receive approximately $2.8 million in loan modifications as part of the settlement.

CARSON CITY – Nevada Attorney General Catherine Cortez Masto has joined with her Utah counterpart Mark Shurtleff  in asking the U.S. Senate to take up consideration of Rich Cordray’s nomination to head the Consumer Financial Protection Bureau (CFPB).