Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Minn. AG presses for senior financial protection
ST. PAUL, Minn. (1/16/14)--During a Tuesday meeting with credit unions, Minnesota Attorney General Lori Swanson commended them for their work to prevent senior fraud--an area that her office is monitoring statewide.
 
From left, Mara Humphrey, vice president of governmental affairs, Minnesota Credit Union Network (MnCUN); Minnesota Attorney General Lori Swanson; and Mark Cummins, president/CEO, MnCUN, at the Archer Doig Chapter meeting Tuesday in St. Paul.
"Seniors are often targeted because they have some money, but not a lot of money," Swanson told the meeting of the Archer Doig Chapter of the Minnesota Credit Union Network (MnCUN).
 
"Many credit union employees have acted as good stewards when assisting senior members with suspicious financial activities--such as wire transfers--and have helped report fraud to my office," she said.
 
"Attorney General Swanson has a critical role in helping to protect Minnesota consumers--a mission that credit unions share," said Mark Cummins, MnCUN president/CEO, adding that the league will continue to work with her office on consumer protection and regulatory matters.
 
Swanson also is monitoring the practice of selling trusts to avoid probate or selling annuities and insurance products that are not appropriate for an elderly person. Also, her office is on the lookout for instances of where a senior is induced to act because they are concerned for their physical safety.


RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
19 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
19 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
21 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
21 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
23 hours ago