Financial Elder Abuse

Fraud is everywhere. Protecting our institutions, as well as our members, from as much fraud as possible is a top priority for all credit unions. On this episode of Financial Minds: Meet the Experts, we wanted to shine a spotlight on financial elder abuse and what we can do to prevent it.Joining Jaime is Cindy Hagan, VP, compliance and fraud risk, to explain how this fast-growing form of elder mistreatment is affecting millions of older adults – and costing billions of dollars –each year.Together, they’ll discuss:Why financial elder abuse goes unreportedThe differences between standard fraud and financial elder abuseRed flags staff should watch forHow mandatory reporting obligations have changedAnd more!Listen in to this week’s episode to hear this in-depth conversation on financial elder abuse. Next week on the podcast, watch for our episode on business continuity and operational resilience.Connect with us:Vizo Financial: www.vfccu.org LinkedIn: www.linkedin.com/company/vizo-financial