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Consumer Financial Protection Bureau Report Highlights Problems Older Americans Have with Confusing Financial Advising Industry

More than 50 Titles Used by Financial Advisers Risky for Older Consumers

WASHINGTON, D.C.—(ENEWSPF)—April 18, 2013. Today the Consumer Financial Protection Bureau (CFPB) published a report highlighting problems with so-called “senior designation” credentials that many financial advisers use to market their services to older Americans. The Bureau found that there are more than 50 different senior designations that financial advisers use to indicate that they have advanced training or expertise in the financial needs of…

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