Combating Elder Abuse

(Editor’s note: The following scam alert was issued as a blog post by Federal Trade Commission attorney Lesley Fair in October and republished by the Consumer Financial Protection … more Scams and Older Consumers: Looking at the Data

The Consumer Financial Protection Bureau issued an updated advisory to financial institutions urging them to report to the appropriate local, state and federal authorities whenever they suspect that … more CFPB Updates Recommendations For Reporting Elder Abuse

Officials from the Consumer Financial Protection Bureau’s Office of Older Americans reported that less than one percent of all Suspicious Activity Reports (SARs) reviewed by the CFPB from … more CFPB: Less Than One Percent of SARs Involve Reverse Mortgages

While 51 percent of financial elder abuse cases involve strangers, approximately 36 percent are committed by people the victim knows and the average loss tends to be higher … more CFPB: 36 Percent of Elder Financial Scams Committed by Family and Friends