SPRINGFIELD–(ENEWSPF)–July 29, 2011. State regulations designed to protect elders from financial exploitation took effect yesterday. They were approved by the Joint Committee on Administrative Rules on July 12. The regulations are needed to implement legislation signed last summer by Governor Quinn that required the Illinois Department on Aging (IDoA) and Illinois Department of Financial and Professional Regulation (IDFPR) to develop training standards to be used by employees of financial institutions who have direct contact with customers.
