Seniors

Banks get help from AARP to spot elder abuse

05/08/19

Elder abuse costs banks $1 billion in deposits a year, according to AARP. It has launched a video-game-style online training program that teaches bank employees what to be alert for.

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Will Q3 profits kill reg relief?; Protecting elderly depositors

11/21/18

Record bank profits could make it tougher to get more regulatory relief; banks monitoring older clients’ mental health.

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6 fintechs targeting seniors and their families

06/20/18

Savvy fintechs are providing automated advice, dashboards and financial monitoring for families of people over 50.

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FHA lenders warming up to reverse mortgages for new home purchases

03/06/18

Recent developments in the Federal Housing Administration's Home Equity Conversion Mortgage program are making it easier for lenders to originate reverse mortgages to borrowers who want to buy a new-construction home.

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Forget millennials: Baby boomers need app innovation, too

09/26/17

Theodora Lau, director of market innovation at AARP, says financial companies and fintechs should consider the over-50 crowd in their app designs.

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No one should have to rely on payday loans in retirement

07/12/17

Data showing that California residents 62 and older took out more payday loans than any other age group in the state points to an erosion of retirement security for seniors.

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