Financial Elder Abuse

Fraud is everywhere. Protecting our institutions, as well as our members, from as much fraud as possible is a top priority for all credit unions. On this episode of Financial Minds: Meet the Experts, we wanted to shine a spotlight on financial elder abuse and what we can do to prevent it.

Joining Jaime is Cindy Hagan, VP, compliance and fraud risk, to explain how this fast-growing form of elder mistreatment is affecting millions of older adults – and costing billions of dollars –each year.

Together, they’ll discuss:

• Why financial elder abuse goes unreported
• The differences between standard fraud and financial elder abuse
• Red flags staff should watch for
• How mandatory reporting obligations have changed
• And more!

Listen in to this week’s episode to hear this in-depth conversation on financial elder abuse. Next week on the podcast, watch for our episode on business continuity and operational resilience.

Connect with us:

Vizo Financial: www.vfccu.org

LinkedIn: www.linkedin.com/company/vizo-financial