Source: Consumer Protection Financial Bureau
Losing money or possessions to scams, fraud, and exploitation can be especially devastating to older adults, who may be not be able to earn back what they’ve lost.
Money Smart for Older Adults
Older adults can be attractive targets for financial predators both known and unknown to them. “Money Smart for Older Adults” is designed to help older adults, family caregivers and others prevent, recognize, and report financial exploitation.
- Download “Money Smart for Older Adults” Resource Guide in English
- Order free bulk copies in English
- Download Instructor Guide and PowerPoint in English
- Download “Money Smart for Older Adults” Resource Guide in Spanish
- Order free bulk copies in Spanish
- Download Instructor Guide and PowerPoint in Spanish
Consumer advisories: Preventing fraud
| TITLE | ACTION |
|---|---|
| Beware of scams targeting older adults during the holidays | Read the blog |
| Work with your bank or credit union to protect older adults from financial exploitation | Read the blog |
| How to avoid becoming a victim of an asset recovery scam | Read the blog |
| Planning for diminished capacity and illness | Read the blog |
Resources for caregivers and service providers
| TITLE | ACTION |
|---|---|
| Protecting residents from financial exploitation: A manual for assisted living and nursing facilities | Read the blog |
| Placemats with consumer protection tips to use with older adults | Order placemats |
| Support your community’s fight against elder financial exploitation | Read the report |
Resources for financial institutions
| TITLE | ACTIONS |
|---|---|
| Reporting of Suspected Elder Financial Exploitation by Financial Institutions | Read the advisory update |
| Suspicious Activity Reports on Elder Financial Exploitation | Read the report |
| Advisory and report for financial institutions on preventing and responding to elder financial exploitation | Read the advisory and report |
| Interagency guidance on privacy laws and reporting financial abuse of older adults | Read the document |
| Memorandum on financial institution and law enforcement efforts to combat elder financial exploitation | Read the memorandum |
