ABA Foundation testifies on protecting older Americans from financial exploitation
During a Senate hearing, the ABA Foundation outlined the critical role banks play in protecting older Americans from fraud and ...
Tag: Elder abuse
FBI: Cybercrime losses increased 26% in 2025
Americans lost nearly $20.9 billion to cybercrime last year, representing a 26% surge from the year before, as scammers increasingly ...
Fraud Watch: Safeguarding older customers
One aspect that does not always show up on paper is the psychological toll of scams.
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.
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 ...
