CFPB, FinCEN to Host Webinar on Combating Elder Financial Abuse

The Consumer Financial Protection Bureau and the Financial Crimes Enforcement Network will host a briefing on Thursday, June 7, at 1 p.m. CDT on their joint memorandum encouraging coordination among financial institutions, law enforcement and adult protective services to protect older Americans from financial exploitation. The webinar will focus specifically on the role of Suspicious Activity Reports in assisting law enforcement’s investigation of elder financial exploitation. Registration is required. 

As banks continue the fight against elder abuse, the ABA Foundation has compiled a number of resources bankers can use to raise awareness about financial exploitation among older Americans. ABA’s Safe Banking for Seniors program provides free presentation lessons, activities and other materials to educate older Americans and their caregivers about how to bank more securely. The foundation also recently launched FinEdLink, which connects registered banks with community organizations or agencies to provide banker-led presentations in the community. To learn more, visit aba.com/seniorsRegister for the CFPB/FinCEN webinar

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