Since 2013, financial institutions have reported to the federal government more than 180,000 possible crimes targeting older adults, involving more than $6 billion.
In an effort to prevent elder financial exploitation and to punish wrongdoers, the Consumer Financial Protection Bureau (CFPB) analyzed these suspicious activity reports (SARs) filed with the Financial Crimes Enforcement Network.
Read on for highlights from the CFPB’s first public analysis of elder financial exploitation SARs.
TO READ THE FULL STORY
Cover Story: