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On December 4, the CFPB, the FDIC, the Fed, FINCEN, the NCUA, the OCC and state financial regulators issued a statement titled the “Interagency Statement on Elder Financial Exploitation” to provide ...

Elder financial exploitation is more than just a fraud issue — it’s a pressing public health and consumer protection challenge. As the population ages and digital channels become more prevalent, older ...

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 ...

Older Americans are losing billions of dollars annually to financial exploitation. Banks and investment firms are training employees to spot red flags and stop the transactions.

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, ...

As financial advisors, we are welcomed into an incredibly trusted role in our clients’ lives. They rely on us to help guide their financial futures, but as they age, that relationship can take on the ...