"October 11, 2024" Archives

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Mayor who recommended reverse mortgages calls comments ‘regrettable’

As those on a fixed income continue to wrestle with rising property taxes, the mayor of South Portland, Maine, recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. After enduring backlash, Mayor Misha Pride has walked back his comments. “Contemplating the recent rise in property values, I suggested…

Here’s what Kamala Harris has said about in-home care for older Americans

Democratic presidential nominee and incumbent Vice President Kamala Harris recently made a media blitz in an effort to appeal to voters ahead of next month’s presidential election, where she’ll face off against Republican nominee and former President Donald Trump. While Harris and Trump have unique experiences they’ll bring to the table when it comes to…

Citadel agrees to pay $6.5M to settle DOJ’s redlining claims

The U.S. Department of Justice (DOJ) announced on Thursday a $6.5 million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. This is the DOJ’s first redlining settlement involving a credit union. The sector includes 4,600 financial institutions across America, which…

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