The Senior$afe Act has strong support from the financial services industry.
The bureau recommends financial institutions use staff training, fraud detection technology to help stop abuse.
ElderIDPro from CU Direct’s Vero provides a safety net for credit union members 60 and older.
Elder financial abuse is a growing challenge for everyone involved.
Apple Financial Services employee pleads guilty to selling fake investments to widows.
Millions of older Americans fall prey to elder fraud and financial exploitation.
SEC won't say if credit union accounts were among those drained.
SAN JOSE, Calif. — New debit card blocks merchants known to prey on seniors and blocks categories of suspicious transactions.
The NCUA and other federal agencies said Sept. 24 that reporting suspected elder financial abuse does not generally violate privacy law.
NCUA joins fellow agencies in issuing guidance under Gramm-Leach-Bliley that allows financial institutions to report suspected fraud against elderly.