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 [...]
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 [...]
Yesterday, I testified in front of Congress about the work we’re doing for older Americans and wanted to share directly with you what we’re up to, as well. This work is incredibly important to me – and our Office for Older Americans as a team is thrilled to be getting to work on what has [...]
Written Testimony of Hubert H. “Skip” Humphrey III Assistant Director for the Office of Older Americans Consumer Financial Protection Bureau United States Senate Special Committee on Aging Washington, D.C. November 15, 2012 Thank you Chairman Kohl, Ranking Member Corker, and distinguished members of the Committee for the opportunity to speak with you today about the [...]
