Get ready for even more fake grandchildren when it comes to payments fraud. That’s one of the sad facts of life as more consumers hit senior citizen status, and criminals gain more expertise in conning people into giving over their money. That said, financial services...
A duo of bills passed in the U.S. House of Representatives on Monday (Jan. 29) that would curb financial abuse of senior citizens and also ease the way for consumers residing in rural areas to open their bank accounts via remote means. As reported on...
July 17, 2019
The Consumer Financial Protection Bureau (CFPB) is urging financial institutions to report any suspicions they may have about financial exploitation of elderly people, the organization said in a release. The CFPB is asking that financial institutions file Suspicious Activity Reports (SARs) with the government when they think elder financial exploitation (EFE) is happening. “The (CFPB) […]
January 31, 2018
A duo of bills passed in the U.S. House of Representatives on Monday (Jan. 29) that would curb financial abuse of senior citizens and also ease the way for consumers...
