financial abuse

Legal Help Available for Older Cook County Residents

Posted on 09/13/2013 by |All the news that matters for Illinoisans over 50. | Comments

Your LifeHi there, blog readers! This is Gerardo Cardenas with the AARP Illinois Communications Team. We are certainly grateful for our nation’s laws, but our legal system can often be challenging and confusing, especially for older adults, making them vulnerable to the growing problem of financial and legal abuse and exploitation. Fortunately in Cook County, Ill., the hard work and vision of a judge, a former state government official and a group of volunteers is helping thousands of elderly citizens navigate …

Are Your Parents at Risk for Financial Fraud?

Posted on 06/13/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsAfter a lifetime of working and saving, our parents shouldn’t have to fend off fraudsters trying to siphon their funds. But financial exploitation of older adults is happening with increasing alarm, officials say. So to help them detect and avoid all sorts of financial abuse, from identity theft to reverse mortgage fraud, a new online curriculum and guide was launched by the Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau. It’s the latest effort by regulators to curb elder financial fraud, which …

Protect Your Parents From Financial Fraud

Posted on 04/12/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsUpdate: Here’s some news you’ll want to share with your parents to avoid the heartbreak of fraud and abuse at the hands of financial professionals. A new guide by the Certified Financial Planner Board of Standards, called “Financial Self-Defense for Seniors,” has been developed to help older adults understand the designations, certifications and fiduciary responsibilities (which require them to act in the best interest of their client) of financial experts. Some so-called designations are nothing more than marketing tools, the board …

White House Announces Coordinated Effort To Combat Elder Financial Abuse

Posted on 06/18/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsHealth and Human Services Secretary Kathleen Sebelius announced Thursday that a coordinated federal effort has been put in place to address the devastating and increasing problem of elder financial abuse. At a White House forum on elder abuse and financial exploitation, Sebelius says a $5.5 million grant under the Affordable Care Act will be used to create a federal elder justice coordination team, including officials from the Justice Department and the Consumer Financial Protection Bureau (CFPB). That team will examine previously “fragmented” elder abuse initiatives …

Be Smart With Your Moola!

Posted on 04/11/2012 by |All the news that matters for Illinoisans over 50. | Comments

Money & SavingsHey there blog readers,  Jenn here from the communications team. In this week’s blog post I want to call your attention to some great free events that are coming up on all things financial.  Did you know that this year marks the 10th anniversary of “Money Smart Week”?  Never heard of it, you say? Money Smart Week began as a coordinated effort of the Money Smart Advisory Council, a diverse group of more than 40 Chicago-area organizations working together to …