Elder Financial Exploitation – Article ( Articles ) Elder Financial Exploitation (EFE) A Growing Threat EFE, the illegal or unethical use of an older adult’s funds, assets, or property, is a growing concern worldwide. This insidious crime often targets vulnerable individuals, exploiting their trust, cognitive decline, or social isolation. It can take various forms, from […]
Category: Elder Financial Exploitation
Elder Financial Exploitation, the illegal or unethical use of an older adult’s funds, assets, or property, is a growing concern worldwide. This insidious crime often targets vulnerable individuals, exploiting their trust, cognitive decline, or social isolation. It can take various forms, from outright theft to more subtle forms of manipulation.
CFPB-PR-241204-1 (12-04-24) Agencies Issue Statement on Elder Financial Exploitation Excerpt: WASHINGTON, D.C. – Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement (PDF 11-pages) today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation. Older adults […]
( Senior Protections – Article ) ( Articles ) Senior Protections As the population of older adults continues to grow, the need for comprehensive protections against various forms of exploitation becomes increasingly important. Several federal agencies are dedicated to safeguarding seniors from physical, mental, and financial exploitation. Below is an overview of these agencies, their missions, and how […]