Fighting Financial Elder Abuse

Stop Elder Abuse Sign

A recent Consumer Financial Protection Bureau report, “Fighting Elder Financial Exploitation Through Community Networks,” emphasizes the importance of collaboration among financial institutions, local law enforcement and adult protective services agencies to stem the multi-billion-dollar elder financial abuse problem.

The report and an associated resource guide for communities emphasized the value of including banks in these partnerships. The Resource Guide recommends that community networks engage with branch managers, compliance officers, community outreach staff and marketers at banks.

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