Browsing: Elder abuse
In remarks at a town hall event in Topeka, Kan., today, Consumer Financial Protection Bureau Acting Director Mick Mulvaney said that the bureau is working to form “community networks” of local law enforcement agencies and state financial regulators that can work together with the CFPB to counter elder financial abuse and “find where the problems are.”
FinEdLink helps bankers reach older customers with the training they need to protect themselves and their money.
Hundreds of communities across the country have developed coordinated local efforts to prevent, detect and respond to elder financial abuse, according to a Consumer Financial Protection Bureau report issued today.
The House Financial Services Committee unanimously passed a bill today creating a safe harbor for financial institutions and their employees who report suspected elder financial abuse to authorities.
In observance of World Elder Abuse Day on June 15, the ABA Foundation today issued a press release with steps older Americans and their caregivers can take to prevent financial abuse, which is estimated to cost seniors $2.9 billion each year.
In observance of Older Americans Month this May, ABA today issued a press release warning consumers of impersonation scams — commonly referred to as “grandparent scams” — where criminals deliberately target older Americans by posing as family members or friends.