Financial Advisor

Rise Of Financial Exploitation Presents New Challenges For Advisors

According to recent research from AARP, the rate of elder financial exploitation has more than doubled since the start of the Covid-19 Pandemic—costing victims aged 60+ an estimated $28.3 billion ...
JD Supra

Protecting At-Risk Seniors from Financial Exploitation

The Senior Safe Act (12 U.S.C. § 3423) took effect May 24. The Act “extends immunity from liability to certain individuals employed at financial institutions who, in good faith and with reasonable ...
JD Supra

Preventing Financial Exploitation of Seniors and Vulnerable Adults — Q&A with Josh Jones

Josh D. Jones is the managing principal of Bressler, Amery & Ross’s Alabama office and a leader within the greater firm platform. He is a co-manager of Bressler's Senior and Vulnerable Investor Group, ...

First Federal Savings Bank and ICBA Mark World Elder Abuse Awareness Day with Tips to Protect Against Financial Exploitation

In recognition of World Elder Abuse Awareness Day (WEAAD), First Federal Savings Bank is joining The Independent Community ...
Finextra

Elder Financial Exploitation: What Financial Institutions Must Do

Elder financial exploitation is more than just a fraud issue — it’s a pressing public health and consumer protection challenge. As the population ages and digital channels become more prevalent, older ...
Las Vegas Sun

Six Financial Institutions Advance New Standards for Combating Human Trafficking, Child Exploitation, Elder Fraud, and Scams

Eagle Freedom Alliance (EFA) today recognized six financial institutions for their leadership in adopting The Knoble's Human Crime Specialist (HCS) program, a specialized framework designed to equip ...
San Diego Union-Tribune

Older adults need protection from financial abuse by family members

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 ...
Yahoo

New Bipartisan Bill Would Let Banks Step In To Stop Scams Targeting Seniors and Their Homes

Add Yahoo as a preferred source to see more of our stories on Google. A new bipartisan bill, the Financial Exploitation Prevention Act, was recently introduced in Congress and, if passed, it could ...
KCBD

October marks Elderly Financial Exploitation Awareness month

LUBBOCK, Texas (KCBD) - In 2023, Adult Protective Services, a program of the Texas Department of Family and Protective Services, investigated more than 13,000 cases of elderly financial exploitation ...
InvestmentNews

New tools to protect elderly from fraud, exploitation

Advisers are walking a tightrope. Most want to do the right thing and protect their clients from financial exploitation, but in doing so, they can sometimes become vulnerable to litigation from those ...
El Paso Times

Help prevent, recognize and report elderly financial exploitation: Grace Ortiz

When we think of October, what comes to mind is fall. Our days are getting shorter, the temperature is cooling down, the leaves are changing color, and everyone is gearing up for the next holiday, ...