Removing Barriers Blog

CUNA Writes in Support of S. 149 – the Stop Senior Scams Act
Posted May 10, 2019 by CUNA Advocacy

Earlier this week, CUNA wrote in support of S. 149, the Stop Senior Scams Act a bill introduced by Senators Bob Casey (D-PA) and Jerry Moran (R-KS). If enacted, this legislation would create a federal advisory council dedicated to combating senior scams.

Financial exploitation is one of the most common forms of elder abuse. CUNA strongly supports the goal of this legislation to help seniors avoid financial exploitation and to encourage responsible decisions regarding financial management.

This legislation represents an important step toward improving protection for seniors by creating a federal advisory council bringing together relevant government officials, industry representatives, advocates and consumer representatives to collect and develop educational materials for financial institutions and retailers to use in stopping scams on seniors.

On behalf of America’s credit unions and their 115 million members, CUNA will continue to support this legislation and look forward to working with both the House and Senate to enact S. 149 into law.