News from American Commerce Bank, N.A.
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 $18T 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.
American Commerce Bank, N.A. is thrilled to announce that we are one of the banks that AARP has recognized with the BankSafe Trained Seal for the steps we have taken to help stop financial exploitation. Learn more at aarp.org/banksafe.