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.