CFPB to hold May 25 webinar for banks on elder financial exploitation

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The American Bankers Association has reported that on May 25, 2016, the CFPB will hold a webinar on how banks and credit unions can protect older consumers from financial exploitation.  The webinar will highlight the CFPB’s March 2016 report that contained recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older consumers.

On May 6, 2016, Ballard Spahr attorneys conducted a webinar, “The CFPB’s New Report on Elder Abuse and What Financial Institutions Need to Do in Response.”

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