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Category: Info for consumers | Category: Data, research, and reports |
Published

Four ways to support your community’s fight against elder financial exploitation

Financial exploitation robs millions of older people of their money and property annually.  To prevent and respond to the growing crisis of elder financial exploitation, people are working together in hundreds of communities across our nation. 

Category: Info for consumers |
Published

3 things you should consider before co-signing for an auto loan

If you co-sign an auto loan, you will be responsible for making payments if the primary borrower can’t pay. It could affect your future access to credit and your overall credit score. Here are some tips for co-signers and a new auto loan resource for you.  Share it with your co-borrower so you can shop for a loan that works for both of you.

Category: Data, research, and reports |
Published

Older Americans are not alone in the fight to stop financial abuse

Banks and credit unions are in a unique position to prevent financial exploitation of older Americans and to intervene effectively when older account holders are targeted or victimized. That is why today we are releasing an advisory and report for banks and credit unions on how they can better protect older consumers from financial abuse.

Category: Info for consumers |
Published

Older consumers targeted by fraudsters not once, but twice!

After reviewing complaints submitted by consumers, we’ve discovered a financial scam targeting older consumers who had previously been victims of fraudulent money-making schemes. So-called asset recovery companies are contacting these past victims, promising to get refunds for a substantial fee, failing to deliver promised services, and leaving consumers financially worse off than before.

Category: Info for consumers |
Published

Key tips to consider if choosing a lump-sum pension payout

A lump-sum payout can give you the flexibility of choosing where to invest or save your money, and when and how much money to withdraw. However, it also shifts responsibility from your employer to you for making your money last and protecting it from a variety of risks ranging from inflation to fraud.