Elder Financial Exploitation Webinar

If it’s free, it’s me… On Wednesday, May 25 at 11:00, the CFPB will hold a webinar on how financial institutions can protect older consumers from financial exploitation.  The presentation will highlight a recent CFPB report, Recommendations and Report for Financial Institutions on Preventing and Responding to Elder Financial Exploitation.  We blogged about the report here:  https://complianceservicesgroup.com/cfpbs-advisory-report-financial-institutions-preventing-elder-financial-abuse/. Credit unions can … Read More

CFPB’s Advisory and Report for Financial Institutions on Preventing Elder Financial Abuse

The Advisory and Report contains recommendations for banks and credit unions to use to aid in preventing, recognizing, reporting, and responding to financial exploitation of older Americans.  The recommendations are voluntary, and do not represent any new requirements. The Advisory and Report contains recommendations for banks and credit unions to use to aid in preventing, recognizing, reporting, and responding to … Read More