|Event Date||Thu Mar 18 EDT (7 months ago)|
Unfortunately, older adults, as well as others who are vulnerable, are being taken advantage of, often by persons who are close to the victim – a family member, friend, or caretaker. Financial exploitation of the elderly has been an alarmingly increasing type of fraud as it frequently occurs without the explicit knowledge or consent of a senior or disabled adult, depriving him/her of vital financial resources for his/her personal needs. Assets are commonly taken through forms of deception, false pretenses, coercion, harassment, duress, and threats.
The Financial Exploitation/Elder Abuse webinar will review the steps/best practices that an institution can undertake when it suspects that a customer is being financially exploited.
HERE IS WHAT YOU WILL LEARN:
• FinCEN Guidance.
• Economic Growth, Regulatory Relief, Consumer Protection Act provisions.
• Regulation E Unauthorized EFTs.
• CFPB Advisory, Recommendations, and Reports.
• Red Flags.