Learn elder financial abuse prevention tips during CFPB, FDIC webinar

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The Federal Deposit Insurance Corporation and the CFPB will host a complimentary joint webinar Thursday, July 25, at 2 p.m. to discuss combatting elder financial abuse. Credit union professionals are invited to participate in the session.

The webinar will focus on the benefits of appropriate collaboration between financial institutions and law enforcement regarding financial abuse of the elderly.

Additionally, the webinar will explore the unique challenges involved in detecting and preventing elder financial abuse, and will explain how Suspicious Activity Report filings can be used to prevent it.

The session will also cover Money Smart for Older Adults, a free resource developed by the FDIC and CFPB to raise awareness among older adults and their caregivers about how to prevent elder financial exploitation and encourage advanced planning and informed financial decision-making.

To learn more or to register, visit the FDIC’s website.

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