Date(s) - 05/23/2018
1:00 pm - 2:30 pm
Category(ies) No Categories
Date: Wednesday, May 23, 2018 from 1 – 2:30 PM EST
Speakers: Naomi Karp, Senior Policy Analyst, Consumer Financial Protection Bureau and Dan Marostica, Head of Consumer Protection, Western Union
Driven by demographic changes and opportunistic criminals, financial exploitation and fraud targeting older adults is on the rise.
A surge in elderly individuals means the problem is only going to get worse. According to the Census Bureau, the elderly population in the United States will more than double between now and the year 2050, to 80 million. Many other nations, including Canada, Japan and EU states, face similar trends.
Financial institutions are a key line of defense against elder financial abuse, but detection and prevention remain challenging. On this webinar, expert presenters will provide insights on regulatory guidance, reporting on suspected cases of elder exploitation, real-world examples of preventative controls, and more.
Attendees will learn:
- Current and emerging fraud schemes targeting elderly individuals
- Resources and guidance from regulatory agencies that can support programs to prevent elder financial abuse
- Tips and considerations for reporting suspected fraud and exploitation, including insights on balancing customer protection with privacy considerations
- Case studies and examples of how elder financial abuse protections play out from the financial institution perspective.
This webinar is eligible for 1 continuing education credit and/or CFCS credit.