Stricter oversight of reverse mortgages and other products aimed at older consumers was among Congress' priorities when it established the CFPB as part of 2010's Dodd-Frank financial reforms. The agency says about 628,000 such loans are currently outstanding, but Cordray said that number would likely grow as the rest of the Baby Boomers reach retirement age. About 10,000 Americans turn 65 each day, he said.