Virginia law also grants immunity from civil or criminal liability to a financial institution and its staff for providing information or records as described above. The 2022 legislation added to these ...

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 ...

As Americans approach their golden years, many expect to spend time on the golf course, going on an RV tour of National Parks, or spending time with their grandchildren. Unfortunately, falling for ...

Earlier this week, the Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement ...

Older Americans are often targets of financial scams by bad actors, and New York Gov. Kathy Hochul (D) wants to see her state’s Legislature address it more directly. Hochul is seeking to mandate ...

DETROIT – New protections under the Financial Exploitation Prevention Act go into effect Sunday, Sept. 26. The act requires banks and credit unions in Michigan to report financial exploitation ...

Picture this scenario at the bank: A woman walks into her branch with her 25-year-old grandson and they're ready to transfer $4,000 or so out of Grandma's account into his. Is the grandson running a ...

As Hawai‘i’s aging population grows, so does the risk of financial exploitation targeting kūpuna. In response, the State Executive Office on Aging has launched an elder abuse awareness campaign, ...

State securities regulators ramped up their enforcement efforts in 2024, with a sharp focus on digital asset fraud, technology-driven scams, and the protection of senior investors. The North American ...

ROANOKE, Va. (WDBJ7) — Adult Protective Services reports tens of thousands of investigations each year into exploitation, neglect, and abuse, with financial exploitation among the most common forms.