Time for Congress to protect seniors from fraud
Seacoast Online, New Hampshire
March 13, 2018
Unfortunately those most vulnerable in our society are often the most common targets for financial scammers. A prime example of this is our country’s senior citizen population, which is a particularly large population here in New Hampshire.
Seniors are a prime target for financial scams and fraud. Sometimes elder financial abuse can occur from people close to the senior. Those people use the senior’s trust to get them added as a joint account holder or use other techniques to access the senior’s funds.
Education is the most important way we can begin to help seniors and their caregivers recognize frauds and scams. Credit unions throughout New Hampshire will be launching a new education platform later this year to do just that.