Preventing elder financial abuse

Elder financial abuse has been on the rise, but you can help your loved ones avoid it.

The Consumer Financial Protection Bureau (CFPB) released a new guide on elder financial abuse. This type of crime is one that I hate and one that we are, unfortunately, seeing more often in the banking industry.

While a lot of the scams happen from unknown suspects, the perpetrators are often someone that seniors know personally, such as a relative or friend.

Want to know how you can help the older people in your life? Check out the CFPB Guide on Elder Financial Abuse. In it, you’ll find ways to prevent, recognize, intervene and report elder financial abuse to authorities.

– Bryan Rowell, Home BankThe New Orleans 100