Highlighting the banking industry’s strong shared commitment with financial regulators to stop elder financial abuse and fraud, ABA President and CEO Frank Keating joined with Consumer Financial Protection Bureau Director Richard Cordray in authoring an op-ed for The Hill newspaper today.
The op-ed highlights banker leadership in stopping fraud against seniors, such as ABA Board Member Scott Dueser of Texas’ First Financial Bank, whose team works closely with customers and law enforcement to protect his older customers. Keating and Cordray also cited ABA’s recently launched Safe Banking for Seniors campaign.
“Working together as citizens, bankers and government officials, we can protect our seniors from fraud,” Keating and Cordray wrote. “By reducing the financial risks, we can expand the opportunities of aging.”