MADISON, Wis., and NEW YORK (12/28/12)--The Credit Union National Association (CUNA) and the National Federation of Community Development Credit Unions will conduct a webinar on the third most commonly substantiated elder abuse in the U.S.--financial abuse--on Jan. 15.
The "Combating Elder Financial Abuse" webinar, which will begin at 2 p.m. ET., will feature a panel of experts in the fight to protect financially vulnerable seniors.
The annual financial loss by victims of elder financial abuse is at least $2.6 billion. Credit unions, through education and awareness, can be a first line of defense. However, financial institutions need to know what to look for, how to respond and where privacy requirements and the requirement to act can work in tandem.
Discussing the risks, explaining how to recognize the signs of financial abuse, and looking at effective responses and intervention strategies will be:
- Hubert Humphrey III, assistant director of the Office of Older Americans at the Consumer Financial Protection Bureau and former Minnesota Attorney General;
- Elizabeth Lowey, chief of the Elder Abuse Unit at New York County District Attorney's Office who served as counsel in the trial involving the late Brooke Astor, a well-known New York City philanthropist;
- Bessie Tolbert, former Adult Protective Services Program manager for the Kansas Department of Social and Rehabilitation Services;
- Rhea Flanagan, manager of instructional design at CUNA; and
- Melanie Stern, senior program officer at the federation and coordinator of Better Directions, a federation program that works with credit unions to build economic security for older members.
For more information, use the links.