One in Five Older Americans Report Being Victims of Financial Exploitation
WASHINGTON, D.C. –(ENEWSPF)–March 23, 2016. The Consumer Financial Protection Bureau (CFPB) today issued an advisory and a report with recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older Americans. Financial exploitation, the illegal or improper use of a person’s funds, property or assets, is the most common form of elder abuse and costs seniors…
