What Banks Are Doing to Halt Elder Abuse

An increasing number of banks and credit unions are implementing fraud-prevention initiatives to prepare for the onslaught of aging Americans expected to developAlzheimer’s disease.

They are training tellers “to flag potential suspicious behavior, such as coercion by family members, frequent withdrawals of large sums of money in a short period of time or transferring large sums of money,” said Ramsay Alwin, vice president of economic security at the National Council on Aging in Washington, D.C.

http://www.nextavenue.org/what-banks-are-doing-to-halt-elder-abuse/

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