This post includes a summary of resources and educational opportunities relevant to the elder justice field. If you are aware of additional resources or have comments about any of the resources listed below, please use the response box at the end of the post to share your thoughts. We look forward to hearing from you!
The Consumer Financial Protection Bureau (CFPB), in partnership with seven other federal agencies, released detailed guidance about the disclosure of client information by banks and other financial institutions. Financial institutions are often confused and conflicted about releasing client information in cases of potential elder financial exploitation because they wish to both protect their clients and respect confidentiality laws. This confusion has led to hesitancy in reporting potential exploitation. As the CFPB reported in their blog post announcing the guidance, the document “clarifies for banks and other financial services providers that reporting suspected elder financial exploitation to appropriate authorities does not generally violate the privacy provisions of the Gramm-Leach-Bliley Act.” To read the full guidance, please click here.