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Tag: Banks

Banks and Trusted Contacts: Fighting Back Against Elder Financial Exploitation

Posted on November 18, 2018 by Andrew Reside

Elder financial exploitation has been called “the crime of the 21st Century.”1 The Consumer Financial Protection Bureau (CFPB) defines elder financial exploitation as the “illegal or improper use of an older person’s funds, property or assets.”2 It is a serious issue with severe consequences for older Americans, as valuations of annual losses range from $2.9…

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