Addressing, Elder Abuse and Wires

Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

PYMNTS

JANUARY 25, 2019

Victims can end up wiring money to the scammers as a result.”. In addition, the Wall Street Journal pointed out, new federal and state laws are prompting banks to take a more active role in trying to address frauds and scams that target older customers. All of this is said without providing too many details. Bank Defense.

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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

JULY 25, 2019

Some companies are looking to address this issue with automated tech. Some banks have also implemented some elder abuse protections for their customers. Keeping up with bills can be a complex process, and forgetting to pay on time can led to otherwise avoidable expenses. Source: True Link Financial.

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Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

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