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Recognizing and Acting to Prevent Elder Financial Abuse

June 25, 2024 11:00 AM - 12:00 PM (EDT)

Description

Financial Elder Abuse is viewed as one of the fastest-growing crimes in the US. As of the last census, over 41 million citizens were identified as aged 65 and older. This represents over 18% of the population. By 2030, the number could reach almost 75 million!

Why should you be concerned? Money!

These individuals hold nearly 70% of all savings deposits in commercial banks, nearly 80% of dollars in savings institutions and 80% own their homes. Because of the vast holdings, these individuals are easy targets for abuse. Bloomberg estimates these losses at almost 37 Billion a year! This session will include:

  • What constitutes as financial elder abuse
  • Identification of "Mandatory Reporter" (the laws vary by state)
  • What you can do to protect these individuals at your institution

Member Pricing: $199

AAP/APRP credits: 1.2

This session is included with Platinum Training Club Memberships

Location

Live Webinar
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Contact Information

PaymentsFirst
Name: Education Department
Phone: (678) 384-9791
Email: education@paymentsfirst.org
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