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 ...

Older Americans are often targets of financial scams by bad actors, and New York Gov. Kathy Hochul (D) wants to see her state’s Legislature address it more directly. Hochul is seeking to mandate ...

On December 4, the CFPB, the FDIC, the Fed, FINCEN, the NCUA, the OCC and state financial regulators issued a statement titled the “Interagency Statement on Elder Financial Exploitation” to provide ...

(InvestigateTV) — According to the Federal Bureau of Investigation (FBI), elder fraud is a growing crisis, with America’s aging population losing more than $3 billion to scams in 2023. Ric Edelman, ...

Elder financial exploitation is typically described as ‘the illegal or improper use of an older adult’s funds, property, or assets. Perpetrators range from family members and other people a victim ...

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 ...

Despite limited regulatory requirements to intervene, broker-dealers face exposure to discipline and liability claims when elderly clients fall victim to financial exploitation. In an environment of ...

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 ...