Federal laws of the U.S. define as elderly, people who are 60 years and older. It is known that this age makes them vulnerable to those who seek to abuse their status and commit fraud against them. For this reason, the CFPB promotes recommendations to prevent such situations.
Elder mistreatment can be physical, sexual, emotional or financial abuse and affects all cultural, social and income groups and may be identified by any unusual activity of those elderly Customers in situations such as: making money transfers for higher or unusual amounts from what they regularly send; are accompanied by a person who apparently is forcing them to make the transaction, among others.
Currently, for example in the State of Maryland, any elder abuse case must be reported to the Maryland Department of Human Resources, and in the State of California, New York or Georgia require that these situations be directly reported to the APS Department (Adult Protective Services) as follows:
Additional resources for preventing, detecting and reporting elder abuse are available at: elderlawanswers.com