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CFPB encourages collaboration to combat elder financial abuse


The Consumer Financial Protection Bureau encouraged participation in Elder Fraud Prevention and Response Networks, which it has helped establish alongside state and local organizations.

June 06, 2023 / By ICBA

The Consumer Financial Protection Bureau encouraged participation in Elder Fraud Prevention and Response Networks, which it has helped establish alongside state and local organizations.

Details: In a new blog post ahead of World Elder Abuse Awareness Day on June 15, the CFPB said it is focusing on building collaboration between diverse stakeholders to increase prevention and improve response to elder financial exploitation.

ICBA Resources: Customizable resources to recognize World Elder Abuse Awareness Day and combat elder financial abuse are available on ICBA’s “Tell Your Story” marketing and communications toolkit.

Webinar: CRA Partners is hosting a webinar at 11:30 a.m. (Eastern time) Thursday, June 15, on its program that allows community banks to earn Community Reinvestment Act credit by sponsoring safety programs for nursing homes in their assessment area.

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