Financial Exploitation – Article ( Articles ) (Financial Exploitation) Financial Exploitation (F-EXP) Introduction F-EXP is a serious and often hidden crime that affects vulnerable individuals, such as the elderly, disabled persons, those with diminished capacity, and incarcerated consumers. It involves the misuse or theft of an individual’s financial resources and can lead to devastating consequences […]
Category: Financial Exploitation
Financial Exploitation is a critical issue that can have devastating impacts on the lives of vulnerable individuals. By understanding what constitutes financial exploitation, recognizing the signs, and implementing preventive measures, we can work to protect those at risk. Awareness, education, and vigilance are key components in combating this form of abuse. It is essential for society to take a stand against financial exploitation and ensure that all individuals can live with dignity and security.
CFPB-PR-241114-1 (11-14-24) CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated – Company profited by taking funds from inactive accounts and blocking money transfers from friends and family used to pay for basic needs Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau […]