CFPB Launches New Resource in the Fight Against Elder Financial Fraud

Resources available in connection with World Elder Abuse Awareness Day.

6/12/2020 8:00 AM

NewsCFPB
CFPB Launches New Resource in the Fight Against Elder Financial Fraud

June 15, 2020 marks the 15th annual World Elder Abuse Awareness Day (WEAAD), and Consumer Financial Protection Bureau Director Kathy Kraninger announced a new resource in the fight against elder financial exploitation, according to a news release from the CFPB.

The CFPB works with law enforcement, Adult Protective Services, financial institutions, legal aid organizations, senior service providers, and other community stakeholders on the issue of elder financial exploitation.

The bureau has also helped bring stakeholders in nine communities together to form or strengthen collaborative networks with a shared goal of empowering older people to protect themselves from financial harm. The release of the CFPB’s Elder Fraud Prevention and Response Networks Development Guide underscores its commitment to increasing the prevention of and response to elder financial exploitation, according to the news release.

The Elder Fraud Prevention and Response Networks Development Guide provides step-by-step materials to help communities form networks to increase their capacity to prevent and respond to this crime.

Specifically, the guide offers planning tools, templates, and exercises to help stakeholders complete the following key tasks in the creation of a new network or to refresh or expand an existing one.

  • Plan a stakeholder retreat and training event. A retreat is an effective way to rally stakeholders and community leaders together to create or enhance an existing collaborative network. The guide offers tools for gathering a core team of key community members to help plan logistics and reach out to key community stakeholders.
  • Host a retreat. How you conduct a retreat can set the tone for your network. The guide offers group exercises to provide opportunities for collaboration and make sure everyone's voice is heard during a retreat.
  • Reconvene and establish your network. After hosting a retreat, it's important to bring community stakeholders back together to determine next steps toward addressing the potential priorities identified at the retreat. The guide provides materials for this follow-up.
  • Expand network capabilities. After your network establishes priorities, you’ll be able to use our materials to leverage working groups to reach goals, engage the community, and grow the engagement and influence of the network.

ACA International encourages members and readers to use the development guide to have available for training and communication with consumers if needed.

For more information on how the ACA Licensing staff can assist with your licensing needs, please contact us at Licensing@acainternational.org  or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

CFPB Launches New Resource in the Fight Against Elder Financial Fraud

June 15, 2020 marks the 15th annual World Elder Abuse Awareness Day (WEAAD), and Consumer Financial Protection Bureau Director Kathy Kraninger announced a new resource in the fight against elder financial exploitation, according to a news release from the CFPB.

The CFPB works with law enforcement, Adult Protective Services, financial institutions, legal aid organizations, senior service providers, and other community stakeholders on the issue of elder financial exploitation.

The bureau has also helped bring stakeholders in nine communities together to form or strengthen collaborative networks with a shared goal of empowering older people to protect themselves from financial harm. The release of the CFPB’s Elder Fraud Prevention and Response Networks Development Guide underscores its commitment to increasing the prevention of and response to elder financial exploitation, according to the news release.

The Elder Fraud Prevention and Response Networks Development Guide provides step-by-step materials to help communities form networks to increase their capacity to prevent and respond to this crime.

Specifically, the guide offers planning tools, templates, and exercises to help stakeholders complete the following key tasks in the creation of a new network or to refresh or expand an existing one.

  • Plan a stakeholder retreat and training event. A retreat is an effective way to rally stakeholders and community leaders together to create or enhance an existing collaborative network. The guide offers tools for gathering a core team of key community members to help plan logistics and reach out to key community stakeholders.
  • Host a retreat. How you conduct a retreat can set the tone for your network. The guide offers group exercises to provide opportunities for collaboration and make sure everyone's voice is heard during a retreat.
  • Reconvene and establish your network. After hosting a retreat, it's important to bring community stakeholders back together to determine next steps toward addressing the potential priorities identified at the retreat. The guide provides materials for this follow-up.
  • Expand network capabilities. After your network establishes priorities, you’ll be able to use our materials to leverage working groups to reach goals, engage the community, and grow the engagement and influence of the network.

ACA International encourages members and readers to use the development guide to have available for training and communication with consumers if needed.

For more information on how the ACA Licensing staff can assist with your licensing needs, please contact us at Licensing@acainternational.org  or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

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