On October 23, 2019 the Federal Trade Commission (FTC) published a press release regarding their report to Congress entitled Protecting Older Consumers 2018-2019: A Report of the Federal Trade Commission. The 40-page report outlines the FTC’s research, law enforcement, and education efforts aimed at protecting older consumers. The report includes analysis of FTC consumer complaint data. In 2018, as in 2017, adults aged 60 and older were less likely than younger adults (aged 20 to […]
Category: Elder Fraud
CFPB PROVIDES RESOURCES ON ELDER ABUSE
On May 6, 2019, the Consumer Financial Protection Bureau (CFPB) released an identity theft protection guide entitled “Protect Your Identity: What Older Customers Should Know” (Protection Guide) and on July 17, 2019 released “Reporting of Suspected Elder Financial Exploitation by Financial Institutions” (an update to the Advisory and Recommendations issued in 2016). Through the release of these tools for consumers the CFPB is hoping to educate elder consumers on preventative actions they can take to […]