Yesterday, the Consumer Financial Protection Bureau released a report on coordinated community-based efforts to prevent, detect, and respond to elder financial exploitation. According to the CFPB's press release, the "report also found that a strong collaboration among community stakeholders – like financial institutions, adult protective services, and law enforcement – can be very effective in protecting their older residents from financial exploitation."
The press release is here. The report is here.
To help other communities across the country create their own protection partnerships to fight elder financial abuse, the CFPB also released a resource guide and best practices. The resource guide is here.
