Elder Financial Abuse

CFPB released a new report outlining the stages of recovery from elder financial exploitation and addressing why some older adults are more likely to get their money back than others. The report also identifies areas of work in policy, research, and practices that can help us improve the likelihood of recovery.

This resource provides a summary of the ten most-reported scams the Senate Aging Committee's toll-free Fraud Hotline (1-855-303-9470) in 2019. Common instances reported include IRS impersonation scams, sweepstakes scams, and computer tech support scams. This report also summarizes common scams by state and provides tips for avoiding scams.

This updated advisory encourages financial institutions to report suspected cases of elder financial exploitation (EFE). It also provides new analysis of current laws and reporting procedures.

This resource provides a summary of the ten most-reported scams the Senate Aging Committee's toll-free Fraud Hotline (1-855-303-9470) in 2018. Common instances reported include IRS impersonation scams, sweepstakes scams, and computer tech support scams. This report also summarizes common scams by state and provides tips for avoiding scams.