Elder fraud

House approves bills to simplify remote account opening, stop senior financial abuse

01/30/18

The Mobile Act would allow financial institutions to scan or copy a customer’s photo ID when opening an account remotely, while another bill contained provisions that would protect bankers from lawsuits if they report suspected elder financial abuse.

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Data security takes center stage as state legislatures convene

01/11/18

If Congress doesn’t take the lead on better protecting consumers from data breaches, states are more than ready to offer their own fixes. Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and elder financial abuse.

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Why banks are dedicating more time to courting older customers

03/09/17

Seniors typically have stellar credit and can be a good source of deposits in a rising rate environment.

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Bank teams with AARP to tackle ‘epidemic’ of financial fraud

01/12/17

People's United is taking its efforts to raise awareness of financial exploitation to a new level.

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