This May is the 50th anniversary of Older Americans month. This year’s theme – Unleash the Power of Age – is an inspirational reminder of the achievements, expertise, and wisdom that age brings. Use this month – and the months ahead, to celebrate your – or your older family members’, friends’, and colleagues’ – talents and gifts.
When it comes to choosing a financial adviser, you should work with an adviser you trust because he or she can help you make important financial decisions. It can be hard to know who has the real expertise—especially for seniors. Over the past year, we have been reviewing the credentials used by financial advisers who […]
Over the past year, my office has been reviewing so-called “senior designations.” These are credentials financial advisers acquire to imply or indicate that they have special expertise in providing financial advice to seniors.
Thank you, Director Cordray, Today I’m pleased to tell you some more about what we’ve been doing at the Bureau to help America’s seniors lead safer, more productive financial lives. One of the objectives of our work is to ensure that markets for consumer financial products and services are fair and transparent. Over the past […]
In the brief time since I started here at the CFPB, we have accomplished an amazing amount for older Americans. The time has flown by at jet speed. Among other things, we’ve: Increased the focus on issues affecting seniors, including in particular elder financial exploitation and diminished capacity for financial decision-making. Helped the Bureau produce […]
This post is part of a series for National Consumer Protection Week National Consumer Protection Week is an opportunity to talk about a particularly troubling and challenging consumer protection issue – elder financial abuse and exploitation. Understanding what elder financial exploitation can look like and why it can be hard to spot can help you […]