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Financial exploitation most common, least reported form of elder abuse
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Consumer Protection
Friday, March 25, 2016
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The Consumer Financial Protection Bureau released an advisory on ways financial institutions can help prevent financial exploitation of elderly consumers. It has been found that financial exploitation is not only the most common form of elder abuse but also the least reported. “Elder financial exploitation has been called the crime of the 21st century, and fighting it has never been more urgent,” Bureau Director Richard Cordray said. Read on to learn more.
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