FDIC and CFPB to Co-host Webinar on Elder Financial Abuse
Thursday, June 27, 2019

On July 25, 2019, from 2:00 p.m. to 3:00 p.m. ET, the FDIC and CFPB will co-host a webinar to outline strategies to address and prevent elder financial abuse.

The webinar will focus on the benefits of collaboration between financial institutions and law enforcement and the challenges involved in detecting and preventing elder financial abuse, including the use of Suspicious Activity Reports (SARs) to combat it.

In March 2019, the CFPB’s Office of Financial Protection for Older Americans issued a report on combating elder abuse.  Titled “Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends,” the report examined non-public data derived from SARs filed with federal regulators from 2013 to 2017.

 

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