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Washington
FDIC, CFPB Offer New Tool To Fight Older Adults Financial Exploitation
WASHINGTON (6/14/13)--The Federal Deposit Insurance Corp. and Consumer Financial Protection Bureau have jointly launched a new financial resource tool intended to help older adults and their caregivers prevent elder financial exploitation across, a growing problem across the country.

Called Money Smart for Older Adults, the new resource is a stand-alone training module developed by both agencies as part of FDIC's Money Smart financial curriculum. It's designed to raise awareness among older adults--defined as 62 and older--and their caregivers about ways to prevent, identify and respond to elder financial exploitation, to plan for a secure financial future, and to make informed financial decisions.

The resource is available online (see first resource link below) and in hard copy format (see second link), and it is free.

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