Senior Resources

Overview

Senior Resources

Elder financial abuse is one of the fastest growing crimes in America. Fraudsters are using new tactics to take advantage of retiring baby boomers and the growing number of older Americans, a group that controls more than 70 percent of the nation’s wealth.  The VBA has partnered with the American Bankers Association and other organizations to provide our member banks with resources to help combat this issue that may be impacting their customers and their communities.

Post Monica McDearmon

Safe Banking for Seniors

Safe Banking for Seniors

Virginia Bankers Association has joined the American Bankers Association Foundation in a new campaign – Safe Banking for Seniors – which provides America’s seniors and their caregivers tools to prevent financial fraud. Safe Banking for Seniors will mobilize bankers across Virginia to educate older Americans and their caregivers about elder financial abuse.

Bankers play a critical role in the prevention of elder financial fraud from spotting signs of abuse to raising awareness. 

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Additional Elder Financial Exploitation Resources
Banker & Consumer Resources

Excerpt from the Code of Virginia related to financial institutions

Virginia Coalition for Prevention of Elder Abuse 

Virginia Department for Aging and Rehabilitative Services (DARS)

Adult Protective Services and Adult Services Regional Staff

AARP BankSafe - Free Online Training for Your Frontline Staff!

National Center on Elder Abuse (NCEA)

Consumer Financial Protection Bureau 

Additional ABA Resources:

Infographics:

Handouts:

International Association of Chiefs of Police (IACP) – Identifying and Responding to Elder Abuse: An Officer’s Role 

Federal Trade Commission Consumer Scam Alerts: Learn about recent scams, how to recognize the warning signs and receive email updates and alerts.

Department of Justice Elder Justice Initiative

Federal Trade Commission Scam Alerts Latest Info and Tips

Resources from DARS – Adult Protective Services on preventing and reporting adult financial exploitation:

Senior Housing Crime Prevention Foundation