The ABA Foundation and AARP have produced an infographic to help seniors understand the risks of joint bank accounts, which are sometimes used to help seniors manage their finances by giving caregivers access to funds.
Browsing: Protecting older Americans
ABA, through its Community Engagement Foundation, today shared the names of the experts responsible for judging the 2015 Community Commitment Awards.
Financial institutions are “well-positioned” to take a proactive stance on preventing fraud and financial exploitation of seniors, ABA Board Member F. Scott Dueser — who is chairman, president and CEO of First Financial Bankshares Inc., Abilene, Texas — told White House Conference on Aging participants yesterday.
The ABA Foundation, ABA’s 501(c)(3) nonprofit affiliate, is today unveiling a new online tool to showcase banks’ corporate social responsibility programs.
First Financial Bank in Abilene, Texas, tackles the “epidemic” of elder financial abuse.
Banks play a critical role in identifying financial fraud and protecting their older customers against related losses, Comptroller of the Currency Thomas Curry said in a speech Friday in Washington, D.C. He noted that bankers are helping to flag elder fraud by filing Suspicious Activity Reports with the Financial Crimes Enforcement Network, as well as by enhancing training and improving marketing and education materials to raise awareness of fraud schemes.