Browsing: Protecting older Americans

Community Banking

Highlighting the banking industry’s strong shared commitment with financial regulators to stop elder financial abuse and fraud, ABA President and CEO Frank Keating joined with Consumer Financial Protection Bureau Director Richard Cordray in authoring an op-ed for The Hill newspaper today.

Newsbytes

The ABA Foundation today announced a new campaign — Safe Banking for Seniors — to help bankers educate seniors and their caregiver on the risks of financial fraud. As with other ABA Foundation financial literacy programs, the foundation will provide bankers with event materials, lesson plans, media outreach tools and best practices. Bankers will be

Community Banking

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.

Community Banking

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.

1 5 6 7