The Financial Industry Regulatory Authority has proposed a rule that would help the companies it regulates do more to protect seniors and other vulnerable adults from financial abuse.
The elder abuse investigation considered of whether the author, Harper Lee, was a victim of financial fraud. The state of Alabama has closed the case.
The FTC is raising awareness that those serving our country need to also be wary in guarding their finances.
Banks can report suspected elder financial abuse to proper authorities without fear of violating federal privacy notification and opt-out rules, federal agencies say.
Don’t let abuse disrupt your retirement or your retirement planning. Older Americans lose nearly $3 billion per year to elderly financial abuse, according to a MetLife study of the problem. Half of the crimes are perpetrated by strangers, while 34 percent of the abuse is delivered by friends and family. Exploitation by the business sector