If you thought privacy laws shield villains from elder financial abuse, think again

Posted in Elder Abuse, Featured, Peoples Bank News

The privacy laws in this country would seem to favor criminals as well as the good. Perhaps you have heard that comment, or said it yourself. Fraudsters can steal money because they have Power of Attorney and no-one is allowed to disclose the details about the transactions to authorities, right? Wrong. Peoples Bank is only too happy to report you if we even suspect you are financially abusing a senior or disabled adult. Interagency Guidance on...

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Financial Protection for Seniors

Posted in Elder Abuse, Featured, In the News, Online Security, Peoples Bank News, Peoples Progress e-Newsletter

Seniors are increasingly victimized by fraud. Sometimes by strangers, but other times care-givers, friends and even family members abuse vulnerable older ones financially. Recent statistics on elder abuse from TrueLink research indicate that such crimes are increasing: A person who receives just one telemarketing call per day is said to likely experience three times as much financial loss as someone who receives no or only occasional...

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Help to Prevent Financial Exploitation of Seniors

Posted in Elder Abuse, Financial Planning, Managing Your Money, Peoples Progress e-Newsletter

There are more than 50 million Americans aged 62 and older who are prime targets for financial exploitation, both by persons they know and by strangers. You may be one of these targets. Get information about how to avoid such exploitation and how to help others in this article. Fraudsters are constantly looking for victims. Older ones may be less active in offensive and defensive activities, and as a result are often more vulnerable to...

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