Financial exploitation robs millions of older people of their money and property annually. To prevent and respond to the growing crisis of elder financial...
We provide activities, strategies, and tools you can use during your network-building convening to plan priorities and next steps to fight elder financial exploitation.
We provide activities, tools, and resources you can use to help your network fight elder financial exploitation in your community.
This Advisory Update focuses on financial institution reporting of elder financial exploitation to federal, state and local first responders.
The Bureau released a report about key facts, trends, and patterns revealed in Suspicious Activity Reports—or SARs—filed by banks, credit unions, casinos, and other financial services providers from 2013-2017. This first-ever public analysis provides a chance to better understand elder fraud and to find ways to improve prevention and response.
Banks and credit unions are uniquely positioned to detect elder financial exploitation and to take action. This advisory and report include best practices...
We provide tools, resources, and templates to help you plan a convening to build or revitalize your elder fraud prevention and response network.
You can find an attorney through the National Academy of Elder Law Attorneys (NAELA) or your local bar association. Generally, if you are 60 years old or older, you may qualify for free legal services.
The CFPB launched a rulemaking to address the harmful effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of financial abuse.
The Consumer Financial Protection Bureau, the United States Department of the Treasury, and the Financial Crimes Enforcement Network (FinCEN) are issuing this joint memorandum to encourage coordination among financial institutions, law enforcement, and adult protective service agencies (APS) in order to protect older adults from elder financial exploitation.
This post is part of a series for National Consumer Protection Week National Consumer Protection Week is an opportunity to talk about a particularly...
Help for family and friends of people living in nursing homes and assisted living communities.
Financial institutions file Suspicious Activity Reports (SARs) to report suspected financial crimes to the federal government. Filers can indicate in their SARs whether the suspicious activity involves elder financial exploitation (EFE). Law enforcement can access the SARs and use the information to conduct investigations and potentially stop EFE. In 2020, financial institutions filed over 62,000 EFE SARs involving over $3.4 billion.
This webinar will introduce you to people and teams that can bring your efforts to the next level including case review teams and identifying key players.
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 webinar discusses trusted contacts, how financial institutions work with their communities to prevent elder fraud, and how the Community Reinvestment Act intersects with elder justice.
This post is part of a series for National Consumer Protection Week National Consumer Protection Week provides an opportunity to talk about a particularly...
This report describes the outcomes of the Bureau-initiated community convenings in Florida, Oklahoma, Tennessee, Montana, and Oregon. The purpose of the report is to share the learnings and achievements from the convenings to encourage the establishment of new or enhance existing networks and help communities improve coordination and collaboration between responders and service providers.
"Our older adult population is growing every year, which makes it even more critical that we study this issue. Today, the Bureau will launch a public...
During May, which is Older Americans Month, and through June 15, World Elder Abuse Awareness Day, we’ll highlight resources to help older adults make sound financial decisions as they age, while avoiding fraud, scams and elder financial exploitation.
