Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Frequently Asked Questions

Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Frequently Asked Questions

The OCC, the Board of Governors of the Federal Reserve System, the FDIC, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, and the National Credit Union Administration (NCUA) issued “Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Related […]

Banks Can Help Spot Elder Financial Exploitation and Abuse

Banks can help spot elder financial exploitation and abuse

Reposted from the CFPB Website

An older Oklahoma resident began receiving sweepstakes offers in the mail after her 90-year-old husband moved into a nursing home. Just send $50, $100, $2000, even $5000 to claim your prize, they promised. When she asked a bank employee to help […]