The U.S. would benefit from a national reporting system that provides financial institutions a centralized location to easily report suspected elder financial exploitation, the American Bankers Association said in a statement for the record submitted to the Senate Special Committee on Aging.
Browsing: Senior issues
By investing in accessible and affordable housing, banks can support their older neighbors and help develop thriving communities.
For seniors, social distancing saves lives but breeds vulnerability to fraud. Here’s how banks are protecting older Americans’ finances in the COVID-19 era and beyond.