Protecting older adults from fraud and financial exploitation
Losing money or possessions to scams, fraud, and exploitation can be especially devastating to older adults, who may be not be able to earn back what they’ve lost.
Money Smart for Older Adults
Older adults can be attractive targets for financial predators both known and unknown to them. "Money Smart for Older Adults" is designed to help older adults, family caregivers and others prevent, recognize, and report financial exploitation.
Consumer advisories: Preventing fraud
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Title |
Action |
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Work with your bank or credit union to protect older adults from financial exploitation |
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How to avoid becoming a victim of an asset recovery scam |
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Planning for diminished capacity and illness |
Resources for caregivers and service providers
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Title |
Action |
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Protecting residents from financial exploitation: A manual for assisted living and nursing facilities |
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Placemats with consumer protection tips to use with older adults |
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Support your community’s fight against elder financial exploitation |
Resources for financial institutions
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Title |
Actions |
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Reporting of Suspected Elder Financial Exploitation by Financial Institutions |
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Suspicious Activity Reports on Elder Financial Exploitation |
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Advisory and report for financial institutions on preventing and responding to elder financial exploitation |
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Interagency guidance on privacy laws and reporting financial abuse of older adults |
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Memorandum on financial institution and law enforcement efforts to combat elder financial exploitation |