Archive | Elder Law RSS feed for this section

How to Prevent Elder Financial Abuse

November 4, 2013

0 Comments

Financial abuse of the elderly is a growing problem in America, and family members – especially those who live a long distance from an elderly loved one – need to be aware of both the symptoms of elder financial abuse and the remedies available. Here are some signs to watch for: Large withdrawals from bank […]

Continue reading...

Stop the Abuse—Elder Fraud Prevention and Privacy Laws

October 31, 2013

0 Comments

Several financial regulators, including the SEC, the CFTC, the FTC and the CFPB recently issued joint guidance clarifying that advisers and brokers, among others, may alert the authorities about suspected elder abuse without running afoul of the privacy obligations of the Graham-Leach Bliley Act (GLBA). The joint efforts by the regulators come at an opportune […]

Continue reading...

Regulators Permit Banks to Report Elder Financial Abuse

October 16, 2013

0 Comments

Seven federal regulatory agencies have issued new guidance that clarifies the privacy provisions of the Gramm-Leach-Bliley Act, saying that financial institutions are permitted to report suspected elder financial abuse to the appropriate authorities. Under the Gramm-Leach-Bliley Act, financial institutions are required to notify consumers before providing nonpublic personal information to a third party and give […]

Continue reading...