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Fighting Vulnerable Adult Financial Exploitation and Fraud
Thousands of older Americans are victims of financial exploitation every day. Each victim loses on average more than $120,000. Older Americans are targeted not only because they have accumulated $18 trillion in assets, but also because they are more likely to suffer from cognative decline making them vulnerable to exploitation. Financial exploitation will only get worse as the older population continues to grow. See article here for additional infromation from the CFPB.
At American Commerce Bank, N.A., we as a team are dedicated in fighting this fraud with extensive training internally and externally. Below, we have provided many documents that help explain this type of fraud and how to fight it. We partner with AARP, CFPB, and The Department of Justice Elder Justice Initiative, among many other organizations, to assist with this training. Please click any of the following links for available documents to assist in understanding elder financial exploitation/fraud.