ABA Foundation Seeks to Reach ‘One Million Minds’ Through FinEd Programs in 2020
The American Bankers Association Foundation is calling on banker volunteers to help reach one million consumers with banker-led financial education lessons in 2020.
Browsing: Protecting older Americans
ABA Data Bank: Banks Continue to Serve and Protect Older Americans
Access the ABA Foundation’s Older Americans Benchmarking Report.
New Analysis from FinCEN Notes Uptick in Elder Financial Exploitation
The number of Suspicious Activity Reports related to elder financial exploitation has risen dramatically over the past several years, as seniors face increasing threats from both domestic and foreign actors, according to an analysis released last night by the Financial Crimes Enforcement Network.
Podcast: Celebrating Bankers’ Community Commitment
The latest episode of the ABA Banking Journal Podcast continues a pre-Thanksgiving tradition by interviewing the winners of ABA’s 2019 Community Commitment Awards. These stories present the perfect inspiration as we prepare for the season of thanks and giving.
Survey: Banks Ramp Up Efforts to Protect Older Americans from Financial Abuse
As the population of older Americans continues to grow—and with seniors increasingly the targets of scams—a majority of banks are responding by offering training for frontline staff on how to prevent elder financial exploitation, according to the ABA Foundation’s second Older Americans Benchmarking Report released today.
Podcast: Enlisting Trusted Caregivers to Help Prevent Elder Fraud
Nearly 15% of Americans—more than 34 million people—are serving as caregivers for adults over 50. In November, recognized as National Family Caregiver Month, the ABA Banking Journal Podcast examines how banks can support caregivers in their mission while protecting the privacy and safety of the bank customers receiving care.
FTC Finds Fraud-Related Losses Up Among Older Consumers
Consumers aged 60 and older lost nearly $400 million to fraud in 2018, according to a report submitted to Congress last week by the Federal Trade Commission.
Eight Banks to Receive Community Commitment Awards
The American Bankers Association Foundation has recognized eight banks for their outstanding commitment to their communities.
CFPB Issues Advisory on Reporting Elder Financial Abuse
The Consumer Financial Protection Bureau yesterday released an advisory to financial institutions for reporting suspected elder financial exploitation.
Podcast: How Voice Biometric Authentication Improves Bank CX
On the latest episode of the ABA Banking Journal Podcast, CEO Brad Paige talks about “the first security enhancement that we’ve done that actually improved the customer experience.” The enhancement: digital voice authentication.