By Carefull
Losses to elder fraud are estimated to be as high as $61.5 billion annually according to the Federal Trade Commission. In fact, the scope of the problem is so great that federal and state financial regulatory agencies recently issued a directive urging financial institutions to adopt a range of strategies to prevent financial exploitation of older adults.
This checklist can help your credit union learn how to stop elder fraud.
Connect with Carefull to learn more.