FinCEN: Financial institutions reported $27 billion in elder financial exploitation
Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 ...
Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 ...
The ABA Foundation and FBI released a new guide with important tips and information to help bank employees detect and ...
Grandparent scams are a particularly pernicious fraud, one that preys on seniors' love, care and concern for their family members. ...
The rate of elder financial exploitation across the globe has more than doubled since the start of the COVID-19 pandemic, ...
The advisory highlights behavioral and financial red flags to aid banks with identifying, preventing and reporting suspected abuse.
Among the 99% of banks that provide training for customer service representatives, according to the 2021 ABA Foundation Older Americans ...
As older Americans—those born before 1965—hold 65% of deposit balances in the U.S., banks have continued to offer more products ...
The Federal Trade Commission’s Consumer Sentinel Network took in more than 334,000 fraud reports filed by Americans age 60 or ...
Consumers aged 60 and older lost nearly $440 million to fraud in 2019, a $40 million rise from the prior ...
For seniors, social distancing saves lives but breeds vulnerability to fraud. Here’s how banks are protecting older Americans’ finances in ...
American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA
ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe