LANSING, Mich. (WJRT) -A new law goes into effect in Michigan Sunday to help protect people from being scammed. The Financial Exploitation Prevention Act will offer new protections for vulnerable ...
Looking for ways to avoid being financially exploited? In today’s world, an ounce of prevention is worth its weight in gold and silver combined. We are hearing more about financial scams, online fraud ...
According to recent research from AARP, the rate of elder financial exploitation has more than doubled since the start of the Covid-19 Pandemic—costing victims aged 60+ an estimated $28.3 billion ...
Senators Gallego and Hagerty have introduced the Financial Exploitation Prevention Act, allowing financial institutions to delay suspicious transactions for up to 25 business days. The bill targets ...
Financial abuse of the elderly — these days more properly called elder financial “exploitation” — has increased as the elderly population has increased. And it continues to be that some people, as ...
Elder financial exploitation is more than just a fraud issue — it’s a pressing public health and consumer protection challenge. As the population ages and digital channels become more prevalent, older ...
What could be worse than exploiting an elderly or disabled person by stealing or misusing their money or property? Adult Protective Services (APS), a program of the Texas Department of Family and ...
CHEYENNE — Legislation that would protect vulnerable adults from financial exploitation passed an initial vote in the House on Thursday but still divided the chamber in the Committee of the Whole.
Elder financial exploitation (EFE) is a common form of elder abuse that impacts as much as 10% of older Americans each year. But to better combat its growing commonality, more information is needed — ...
The Pennsylvania Department of Aging on Wednesday announced the launch of an investigative unit that will combat the financial exploitation of older adults.The Financial Abuse Specialist Team includes ...
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