Office of Older Americans

The Takeaway: AARP CEO Addresses Debt Committee; New Federal Office Focuses on Senior Scams

Posted on 10/20/2011 by |Brooklyn, NY | Comments

Bulletin TodayAARP CEO A. Barry Rand sent a letter yesterday to the debt Super Committee asking the 12-member panel not to include Social Security or Medicare benefit cuts in its plans. And the newly-created Office of Older Americans, within the U.S. Consumer Financial Protection Bureau, will focus on stopping the financial abuse of older adults. Regulators say financial fraud costs older Americans about $3 billion a year.