Banks, Elder Abuse

Between a Rock and a Hard Place: Elder Financial Abuse and the UCC

Williams Mullen on 6/15/2023

The United States District Court for the Eastern District of Virginia recently affirmed a basic principle of deposit banking, which is that in the absence of an express agreement, a depository bank owes no duty to...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 12/12/2018

Prime Minister Theresa May has proven herself to be a remarkably good political survivor in the face of tall odds, but even she will have a difficult time this time around. Members of her own Tory party have called for a...more

Senate Banking Committee schedules Dec. 5 markup of regulatory reform bill

Ballard Spahr LLP on 11/21/2017

Last week, members of the Senate Banking Committee announced that they had reached bipartisan agreement on “legislative proposals to improve our nation’s financial regulatory framework and promote economic growth.” ...more

FINRA Proposal Lets Financial Firms Hold Funds of Elder Abuse Victims

Holland & Knight LLP on 10/1/2015

The Financial Industry Regulatory Authority (FINRA) will soon be soliciting public comment on a proposal allowing financial institutions to put a hold on customer funds and notify a customer's "trusted contact" when the...more

CFPB to hold event on financial management for seniors

Ballard Spahr LLP on 8/4/2015

The CFPB has announced that it will hold an event in Springfield, Virginia on August 17, 2015 about financial management for seniors and their caregivers. The event will feature remarks from Director Cordray and Virginia...more

Banks Encouraged to Share Information Related to Elder Abuse

Mintz - Privacy & Cybersecurity Viewpoints on 9/26/2013

One of the most common forms of elder abuse is financial exploitation. Older adults often have valuable assets and vulnerabilities, such as mental or physical disabilities, that make them prime targets by both strangers and...more

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