Encourages collaboration between financial institutions and law enforcement
The Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) are co-hosting a webinar to outline strategies to address and prevent elder financial abuse. In particular, the webinar will focus on the benefits of appropriate collaboration between financial institutions and law enforcement regarding this issue, and will provide financial institutions with resources and strategies to develop strategic relationships.
The webinar will take place on July 25, 2019 from 2:00 - 3:00 p.m. ET.
Additionally, the webinar will discuss the unique challenges involved in detecting and preventing elder financial abuse, and will explain how Suspicious Activity Report (SAR) filings can be used to combat it. The webinar 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 advance planning and informed financial decision-making.