CFPB: Reverse Mortgage Ads Can Confuse More Than Inform

Advertisements touting reverse mortgages often leave older consumers confused about the loan terms and unaware of the risks, according to a new report from the Consumer Financial Protection Bureau. “Perhaps most concerning of all, the ads left the consumers believing that if they purchase a reverse mortgage loan, they will be able to rest assured that they can live in their homes and enjoy financial security for the rest of their lives,” CFPB Director Richard Cordray said in a teleconference. …

Report: Millennials Now Almost 25% of Family Caregivers

A wider swath of Americans, from millennials to those ages 75-plus, are taking on the role of family caregiver for a loved one. But the burdens remain the same — long hours, no pay, heavy stress — and most are juggling caregiving with paid jobs, according to a new study from the National Alliance for Caregiving and AARP. What’s more, 1 in 4 have difficulty finding affordable services to help relieve some of those burdens, and a majority — 84 …

‘Women’s Viagra’ Gets OK From FDA Committee

The first drug designed to boost a woman’s sex drive was given the green light Thursday by a government advisory panel, which recommended that the pill be approved by the Food and Drug Administration, but only with certain safety restrictions. The committee voted 18-6 in favor of approving the pill flibanserin for women on the condition that drugmaker Sprout Pharmaceuticals take measures to reduce the risk of its side effects. The FDA is expected to announce a final decision by …

Let the (Home) Buyer Beware

Looking to buy or sell a home in the coming weeks (a period that’s expected to be the busiest real estate season in eight years)? If so, beware of a new impersonation scam that targets real estate agents and others involved in house closings — specifically, their clients. It starts with an email to real estate agents (supposedly sent by an interested buyer) that includes an attached link. When the recipient opens the link, malware secretly infects the individual’s computer, …

Is the Era of Cheap Generic Drugs About to End?

En español | Prices for generic drugs most commonly used by older Americans fell by the smallest percentage since 2006, with 1 in 4 rising in price — some by more than 1,000 percent, according to a new report from AARP’s Public Policy Institute (PPI). The report looked at 2013 price trends for 280 generic prescription medications widely used by those age 50-plus. The majority of these generics saw price decreases, some of them substantial, but the overall decline slowed …

The Best Sunscreens You’re Not Using

Who’s better at using sunscreen lotion, men or women? Truthfully, they’re both pretty lousy at it, according to a new government study. Even sadder: New testing of sunscreen lotions finds you can’t always believe the claims on the label. A Centers for Disease Control and Prevention (CDC) study found a paltry 14 percent of men and 30 percent of women reported that they regularly use sunscreen on both their face and other exposed skin. Women are better when it comes …