Research and resources to help communities, volunteers and others in the fight against elder financial exploitation.
More than 31 million people will reach retirement age in the next 20 years. Because most people keep their retirement savings in accounts they manage themselves, like IRAs and 401(k)s, they face a range of complex and important decisions.
The May 2017 Monthly Complaint Report summarizes the complaints submitted by people age 62 and older. The report highlights issues that older consumers are more likely to experience than their younger counterparts, including issues with traditional and reverse mortgages, credit cards, and bank accounts and services.
Report Shows Older Consumers Report Problems with Reverse Mortgages, Scams, Credit Cards, and Add-On Products
Most people don’t know how much their Social Security benefit will be, nor how the age at which they begin claiming their benefits will affect the amount.
As the number of older Americans with student debt has quadrupled, older borrowers complain about many problems with lenders, loan servicers, and debt collectors that exacerbate their financial challenges.
CFPB Warns Student Loan Servicing Problems Can Jeopardize Long-Term Financial Security for Older Borrowers
Growing Concerns as Number of Older Student Loan Borrowers Quadruples, Amount of Debt Per Senior Borrower Doubles in Last Decade
Download our new mail fraud placemat to give you, or a loved one, helpful reminders of common warning signs of mail fraud.
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.
Consumer Financial Protection Bureau Report Finds Hundreds of Counties Nationwide Fighting Elder Financial Abuse with Community Efforts
CFPB Issues Guide and Best Practices to Help Communities Create Protection Partnerships for Seniors