Federal and state financial regulators and the Financial Crimes Enforcement Network (FinCEN) issued a statement that offers best practices for combatting elder financial exploitation. Why it matters: A … more Agencies Issue Statement on Elder Financial Exploitation
Combating Elder Abuse
Senate Aging Committee Holds Faud Hearing
The U.S. Senate Special Committee on Aging held its annual hearing to discuss the latest trends involving theft against older adults. The hearing coincided with the release of … more Senate Aging Committee Holds Faud Hearing
Recognize & Report Elder Financial Abuse
A new consumer brochure from the National Reverse Mortgage Lenders Association helps seniors and their loved ones recognize common scams and signs of financial exploitation. The free resource … more Recognize & Report Elder Financial Abuse
New CFPB Issue Spotlight: Medical Debt and Older Adults
Older adults, most of whom are well-insured, are among the millions of Americans who experience problems with reporting and collection of inaccurate medical bills. In 2020, nearly four … more New CFPB Issue Spotlight: Medical Debt and Older Adults
Protecting Your Clients From Wire Fraud
Email hacking and wire fraud, with the intent to misdirect wired funds, is a growing concern. With the help of our servicer and title company members, NRMLA has … more Protecting Your Clients From Wire Fraud