Search Results for keywords:"financial exploitation"

Search Results: keywords:"financial exploitation"

S. RES. 690 — Supporting the designation of May 15, 2024, as National Senior Fraud Awareness Day to raise awareness about the increasing number of fraudulent scams targeted at seniors in the United States, to encourage the implementation of policies to prevent those scams from happening, and to improve protections from those scams for seniors.
May 15, 2024
Status:Agreed to Senate
Congress:118
Words:418
S. RES. 690 designates May 15, 2024, as "National Senior Fraud Awareness Day" to educate and raise awareness about the various scams targeted at seniors in the United States. This resolution highlights the increasing financial exploitation of individuals aged 65 and older,...
Simple Explanation
S. RES. 690 is a promise to make May 15, 2024, a special day to help people understand and stop bad guys who trick older people out of their money. It wants everyone to do their part in protecting our grandparents and senior friends from losing their savings.
H. R. 8922 — To require the Director of the Bureau of Consumer Financial Protection to issue a final rule requiring any card issuer that issues a pre-approved credit card to a senior citizen to provide fraud alerts to certain individuals, and for other purposes.
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July 02, 2024
Status:Introduced in House
Congress:118
Words:1,124
H.R. 8922, titled the "Janie Wynn Protecting Elders from Financial Exploitation Act," seeks to protect senior citizens from financial fraud related to pre-approved credit cards. It mandates the Bureau of Consumer Financial Protection to create a rule that requires card issuers to provide...
Simple Explanation
The "Janie Wynn Protecting Elders from Financial Exploitation Act" is a rule that wants credit card companies to help protect older people from being tricked or losing their money by sending alerts when something strange happens with their credit card or bank account. It also wants bank workers to learn how to spot when someone might be trying to take advantage of a senior's money.

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