It seems that nearly every day we hear of an older person who has been scammed by someone taking advantage of the person’s declining cognitive or physical abilities. Each state has laws that protect the elderly from exploitation, and many times financial institutions are in a great position to see the evidence.  Would your credit union staff know the warning signs or red flags of financial or material exploitation?

Check out these changes and helpful FAQs on the Security/Elder Financial Exploitation channel. Read the full InfoSight newsletter here.