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 ...

Virginia law also grants immunity from civil or criminal liability to a financial institution and its staff for providing information or records as described above. The 2022 legislation added to these ...

Blair faces charges including exploitation of an elderly person and fraudulent use of a credit card.

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 ...

Isolation increases the risk of elder financial exploitation, so having a network of family and friends can be an excellent ...

Senators Gallego and Hagerty have introduced the Financial Exploitation Prevention Act, allowing financial institutions to delay suspicious transactions for up to 25 business days. The bill targets ...

As Americans approach their golden years, many expect to spend time on the golf course, going on an RV tour of National Parks, or spending time with their grandchildren. Unfortunately, falling for ...

A Layton man is accused of using his power of attorney to take money from his mother's benefits for his own financial gain instead of paying her care facility bills.

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 ...

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 ...

The U.S. House of Representatives recently passed a bill aimed at protecting older adults from financial scams, but it is not the first piece of legislation to tackle the issue. The Senior Safe Act, ...

DETROIT – New protections under the Financial Exploitation Prevention Act go into effect Sunday, Sept. 26. The act requires banks and credit unions in Michigan to report financial exploitation ...