Report and Recommendations: Fighting Elder Financial Exploitation through Community Networks
Elder financial exploitation destroys the financial security of millions of older Americans annually. In response to this crisis, hundreds of communities across the United States have created collaborative networks to protect their older residents. To increase our understanding of how elder financial protection networks can grow and endure, the CFPB conducted research nationwide.This report highlights what elder financial exploitation prevention and response networks do, how they work, how they can work better, and how they can be established. The report presents CFPB’s recommendations to existing networks and key stakeholders to develop and enhance their community’s collaborative efforts to fight financial exploitation. Accompanying this report is a Resource Guide with promising practices, sample documents, and resource materials.