September 20, 2016: Protecting Seniors from Financial Abuse
Medical and Health Considerations
- Natalie L. Denburg and William M. Hedgcock, Age Associated Executive Dysfunction, the Prefrontal Cortex, and Complex Decision Making, in Aging and Decision Making: Empirical and Applied Perspectives 79-101 (2015)
- Natalie L. Denburg, Ph.D. and Lyndsay Harshman, B.S., Why So Many Seniors Get Swindled, The Dana Foundation (Aug. 10, 2009)
- Institute of Medicine, NAS, Report Brief, Cognitive Aging: Progress in Understanding and Opportunities for Action (Apr. 2015)
- Natalie L. Denburg et al., Self-Evaluation Worksheets Enhance Elder Financial Decision Making
Laws, Regulations, and Related Initiatives
- NASAA Press Release on Adoption of the Model Act
- NASAA Model Legislation or Regulation to Protect Vulnerable Adults from Financial Exploitation (the “Model Act”)
- NASAA Press Release on Broker-Dealer and Investment Adviser Training Program to Combat Elder Financial Abuse
- H.R. 4538, the “Senior$afe Act of 2016”
- U.S. House of Representatives, House Passes Three Bipartisan Financial Services Bills, July 6, 2016
- CA Assemb. Bill No. 1700, Reverse Mortgage Notifications (Sept. 30, 2014)
- FINRA, Regulatory Notice 15-37, Financial Exploitation of Seniors and Other Vulnerable Adults (Oct. 2015)
Recommendations and Observations from Federal Entities and Officials
- Rick A. Fleming, SEC Investor Advocate, Speech at the American Retirement Initiative Winter Summit, Feb. 5, 2015, entitled “Protecting Elderly Investors from Financial Exploitation, Questions to Consider.”
- U.S. Gen. Accounting Office, GAO-13-110, Elder Justice: National Strategy Needed to Effectively Combat Elder Financial Exploitation (Nov. 2012)
- U.S. Consumer Financial Protection Bureau, Recommendations and Report for Financial Institutions on Preventing and Responding to Elder Financial Exploitation (Mar. 2016)
- U.S. Consumer Financial Protection Bureau, Report and Recommendations: Fighting Elder Financial Exploitation through Community Networks (Aug. 2016)