It might very well be the case that a 97-year-old consumer is applying for financing to take delivery of a $97,000 luxury SUV. Or it could be someone with illegal intentions trying to take advantage ...
On December 4, an Interagency Statement on Elder Financial Exploitation (the “Interagency Statement”) was issued by the Board of Governors of the Federal Reserve System (FRB), Consumer Financial ...
A bipartisan proposal to curb elder financial fraud is gaining traction in Congress. The bill would enlist the Securities and Exchange Commission to help lawmakers fight this issue. It would also ...
Elder financial exploitation is typically described as ‘the illegal or improper use of an older adult’s funds, property, or assets. Perpetrators range from family members and other people a victim ...
Anuoluwapo Ojomo, an anti-fraud expert, speaks with OLUKOREDE YISHAU on Elder Financial Exploitation and the growing threat around it. Excerpts: Your work in the field of business risk, anti-fraud, ...
A mentor once told me that we take better care of our pets than we do older victims of mistreatment. As a researcher, I have sat across from people, including grown men, crying while recounting ...
WEST ORANGE, N.J., March 11, 2026 /PRNewswire/ -- Pollock Cohen LLP announced it filed a civil lawsuit on behalf of a 76-year-old retiree who was conned out of his life savings. The complaint alleges ...
Despite limited regulatory requirements to intervene, broker-dealers face exposure to discipline and liability claims when elderly clients fall victim to financial exploitation. In an environment of ...
You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. A mentor once told me that we take better care of our pets than we do older ...
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