A bill now signed into law by North Carolina Gov. Pat McCrorywill enable financial institutions to protect older and disabledadults from financial exploitation.

The “financial exploitation of older adults” law was backed bythe $26 billion StateEmployees' Credit Union of Raleigh, N.C., the North CarolinaCredit Union League, the North Carolina Bankers Association and thestate's attorney general's office.

The new law requires all financial institutions to report toauthorities cases where there is reasonable cause to believe that adisabled adult over 18 or older adult 65 or above is the victim ortarget of financial exploitation, according to a statement releasedby SECU on Monday.

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