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It happens without a gun, and often even without a computer mouse, but nowadays one of the fastest growing types of fraud is elder financial abuse, which the Consumer Financial Protection Bureau tabs as a $2.9 billion annual problem, and it is one that may only get bigger as the 40+ million group of elderly Americans daily grows in number.

The good news for credit unions: many of them now are taking a significant role in helping safeguard their elderly members’ accounts. A belief in many quarters is that financial institutions are ideally positioned to notice elder fraud early – and that may lead to stopping it earlier.

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