It might very well be the case that a 97-year-old consumer is applying for financing to take delivery of a $97,000 luxury SUV. Or it could be someone with illegal intentions trying to take advantage ...
A bipartisan proposal to curb elder financial fraud is gaining traction in Congress. The bill would enlist the Securities and Exchange Commission to help lawmakers fight this issue. It would also ...
A mentor once told me that we take better care of our pets than we do older victims of mistreatment. As a researcher, I have sat across from people, including grown men, crying while recounting ...
Earlier this week, the Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement ...
On June 15, FinCEN issued an Advisory on Elder Financial Exploitation (“Advisory”) to warn financial institutions about the rising trend of elder financial exploitation (“EFE”), which FinCEN defines ...
The Securities and Exchange Commission, North American Securities Administrators Association and the Financial Industry Regulatory Authority have collaborated on newly released training resources to ...
The pandemic has brought an increase in calls for help for seniors, leading to fears that financial exploitation of vulnerable adults is on the rise amid the COVID-19 crisis, advocates and researchers ...
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