Identifying and preventing the financial exploitation of the elderly continues to be a significant concern at the federal and state level. Late last year, the CFPB and the prudential bank regulatory agencies issued Interagency Guidance on Privacy Laws and Reporting Financial Abuse of Older Adults. This guidance clarifies that in many cases, financial institutions may report suspected elder financial abuse without violating federal privacy laws.

State legislatures have likewise focused on the role of financial institutions in preventing elder abuse. A growing number of states are requiring financial institutions to report suspected abuse—sometimes within a specific time frame.

Failure to report can pose a substantial reputational risk, even if the penalties are not severe. In this webinar, we will review the federal Interagency Guidance, survey state elder abuse prevention laws, explain the reporting required by federal and state laws, and discuss how to create an effective elder financial abuse prevention program to detect possible elder financial abuse and to ensure proper reporting.   

topics

  • Federal Interagency Guidance on Reporting
  • State Elder Abuse Prevention Laws 
  • Properly Reporting Elder Abuse 
  • Creating an Effective Elder Abuse Prevention Program     

Program

12:00 PM - 1:00 PM ET | Webinar

Moderator

Alan S. Kaplinsky, Practice Leader
Consumer Financial Services Group

Presenters

John L. Culhane, Jr.
Consumer Financial Services Group

Joseph J. Schuster
Consumer Financial Services Group

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa M. Prickril at prickrill@ballardspahr.com.

Program Contact

Lisa M. Prickril
215.864.8252
prickrill@ballardspahr.com