Topic: Elder Financial Abuse
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FinCEN: FIN-2022-A002 – Advisory on Elder Financial Exploitation (June 15, 2022)
The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to alert financial institutions to the rising trend of EFE targeting older adults and to highlight new EFE typologies and […]
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Free webinar addresses financial exploitation of older members
NEWS: The National Center on Elder Abuse invites you to join the CFPB’s Office for Older Americans and other organizations on Thursday, June 9 at 2 p.m. Central for a free […]
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NCUA webinar on May 19 – “Protecting Older Americans Against Financial Exploitation”
NEWS: The National Credit Union Administration (NCUA) will host a webinar for credit unions looking to protect their older members this Thursday, May 19, beginning at 12:00 p.m. CT. The Consumer […]
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NCUA 5/19 webinar to focus on elder financial exploitation
NEWS: The NCUA will host a webinar for credit unions looking to protect their older members on Thursday, May 19, beginning at Noon, Central time. The Consumer Financial Protection Bureau’s Office […]
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Reporting elder financial abuse: Federal safe harbor requires training
TIP: This Compliance Courier was prepared by one of The League’s Compliance Specialists – Julie Jennerjohn. All of our specialists are CUNA-certified “Credit Union Compliance Experts.” To learn more about […]
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Court may order freezing assets of financial exploitation defendant
NEWS: Governor Tony Evers has signed 2021 Wisconsin Act 76 into law. Effective August 8, it offers new tools to fight abuse of the elderly. The new law allows a court to […]
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0189 Supported Decision-Making Agreements
This release applies to all credit unions, state and federal. It describes Wisconsin laws that lets an adult with a “functional impairment” sign a special agreement so that another adult […]
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AARP: Scams and Frauds
The AARP’s page includes a “Fraud Resource Center,” with information to help spot and avoid a list of dozens of common scams. The site also allows people to report scams […]
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WISDOJ: Preventing Elder Financial Abuse and Exploitation with Tellers (August 14, 2018)
The video: Explains the need to safeguard against abuse. The video explains that out of every five people over age 65 have already been victims of financial fraud, and notes […]
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CFPB: Advisory for Financial Institutions on Preventing and Responding to Elder Financial Exploitation (March 22, 2016)
This advisory provides broad recommendations for banks and credit unions to help them prevent and respond quickly to elder financial exploitation. The CFPB has identified the benchmarks provided in this […]