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Home » News » CFPB, FDIC Team Up to Protect Seniors from Financial Exploitation
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CFPB, FDIC Team Up to Protect Seniors from Financial Exploitation

July 1, 2013
The CFPB and the Federal Deposit Insurance Corp. recently released “Money Smart for Older Adults,” an instructor‐led training module designed to help senior citizens and their caregivers protect themselves from financial exploitation and make informed financial decisions. “Older Americans lose an estimated $2.9 billion annually to financial exploitation, and it’s estimated that for each case that is reported, 43 others go unrecognized,” the bureau said. “With 50 million older people in this country, and 10,000 more reaching...
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