New Law Allows Banks To Withhold Money If Seniors Or ‘vulnerable’ Adults Would Be Exploited

Gov. Ron DeSantis on Tuesday signed nine bills, including a measure (SB 556) that will allow banks to delay disbursing money if employees think seniors or “vulnerable” adults could be getting financially exploited. Supporters said during this year’s legislative session that the bill was needed because of widespread scams that involve seniors withdrawing money from their bank accounts. The bill, sponsored by Sen.