ABA Foundation announces 2025 Community Commitment Award Winners
The prestigious annual awards recognize banks for extraordinary service to their local communities in seven specific categories.
Tag: Elder abuse
FTC: Scammers increasingly targeting retirees
The Federal Trade Commission has seen a recent surge in reports of scammers pretending to be banks and other trusted ...
ABA Fraudcast: The increasing threat of elder fraud and understanding state hold laws
Banks have legal tools they can use to help the most vulnerable avoid scams, but the process can be challenging.
House passes ABA-backed bill to protect senior investors
The House passed by voice vote a bill directing the Securities and Exchange Commission to create a task force dedicated ...
ABA urges CFPB to reconsider financial abuse reporting rule
A proposed rule to extend the Fair Credit Reporting Act’s identity theft protections to certain negative information on the credit ...
ABA Foundation releases report on state hold laws to prevent elder financial exploitation
A new report by the ABA Foundation found that more than half of bankers in states with bank transaction “hold” ...
FinCEN urges financial institutions to ‘remain vigilant’ about relationship scams
FinCEN issued a statement calling on financial institutions to remain vigilant regarding suspicious activity that may be indicative of relationship ...
Regulators release strategies for financial institutions to combat elder financial exploitation
Federal and state financial regulators released a joint statement with strategies and advice for financial institutions on identifying, preventing and ...
FTC: Older adults lost up to $61.5B to fraud in 2023
Older Americans reported losing more than $1.9 billion to fraud in 2023, but since most fraud isn’t reported, the actual ...
Elder financial exploitation: Confronting a chronic challenge
Banks are collaborating, using technology and taking other steps aiming to protect a vulnerable population.
