Watchdogs step up fight against elder financial fraud

Thieves follow the money, and wealth accumulates as we age. But the aging brain is not always well-suited to financial decision-making – and that creates opportunity for financial fraud and abuse targeting the elderly. “It’s a perfect storm,” said Elizabeth Loewy, general counsel for Eversafe, a technology firm that monitors customers’ bank and investment accounts, […]

How to protect against elder financial abuse

We’ve all received the pitch in the mail: Transfer your credit card balance to a new card at a lower interest rate. The catch: Payments on the new card will be applied first to the transferred balance; meanwhile, a higher interest rate is applied to new purchases–and payments are applied to that balance only after […]

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