CFPB Updates Advisory On Elder Financial Exploitation

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The CFPB updated its advisory and recommendations for reporting elder financial exploitation. Specifically, the CFPB asked banks and credit unions to:

United States Finance and Banking

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The CFPB updated its advisory and recommendations for reporting elder financial exploitation.

Specifically, the CFPB asked banks and credit unions to:

report all cases of suspected elder financial exploitation to the relevant federal, state and local authorities; and
expedite response times for government entities' investigations.

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CFPB Updates Advisory On Elder Financial Exploitation

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Finance and Banking

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United States