NRMLA and NAIPC Help Seniors Identify, Report Financial Fraud with New Online Resources

Today, as part of World Elder Abuse Awareness Day (WEAAD), NRMLA and the National Aging in Place Council launched new consumer webpages to help older adults, and their loved ones, recognize the signs of abuse and report instances of financial fraud and exploitation to the appropriate authorities. Through their combined audience of more than 36,000 monthly website visitors, the organizations hope to provide more seniors with the tools to protect themselves from scams and abuse.

“Elder financial abuse is a growing epidemic in the United States and we have a special responsibility in our industry to help stop its spread,” said NRMLA President and CEO Peter Bell. “By making these resources readily available on our consumer education website reversemortgage.org, we are joining the global effort to prevent the abuse, neglect and exploitation of older adults.”

NRMLA and NAIPC partnered during WEAAD 2016 to present, “Strategies for Keeping Older Adults Safe from Financial Predators,” a free webinar for professionals who work with seniors.

WEAAD was launched on June 15, 2006 by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations. The purpose of WEAAD is to provide an opportunity for communities around the world to promote a better understanding of abuse and neglect of older persons by raising awareness of the cultural, social, economic and demographic processes affecting elder abuse and neglect. In addition, WEAAD is in support of the United Nations International Plan of Action acknowledging the significance of elder abuse as a public health and human rights issue.

We also invite you to read comments from Edwin Walker, Deputy Assistant Secretary for Aging, Administration for Community Living, on steps the federal government is taking to combat elder abuse.