U.s. Targets Financial Abuse Of Elderly

Americans over 60 lost at least $2.9 billion in 2010 to financial exploitation, a study finds. This 12% rise over two years is leading the Consumer Financial Protection Bureau to begin looking into the types of scams affecting older consumers.WASHINGTON — Federal regulators launched an investigation into the financial abuse of the elderly, citing a new report that advisors, planners, family members and others were ripping off seniors more than ever.

 

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