The NC Credit Union League joined forces with the NC Department of Justice and other state and federal agencies to host a Financial Fitness Fair for Seniors at the Quorum Center in Raleigh on Thursday, June 13, 2013. The event started at 9:00 am with booths where seniors could talk to experts and get information on topics such as elder abuse, estate planning, and consumer protection.
NC Attorney General Roy Cooper kicked off the event. “We’re here to help you avoid scam artists and criminals who want to steal your money and your identity, and to help you manage your money wisely by getting the best deals from legitimate businesses,” Cooper said.
The crowd of more than 50 attendees also heard from a panel of experts from the Attorney General’s office, the NC Department of Health and Human Services and Secretary of State Elaine Marshall, on investment fraud, health-related scams, elder abuse, and protecting personal financial information.
The Financial Fitness Fair also served as an opportunity for the CFPB and the FDIC to announce their Money Smart for Older Adults program. The training program offers practical information that can be delivered to older adults and their caregivers by credit unions and other financial institutions, adult protective service agencies, senior advocacy organizations, law enforcement and others that serve this population.
There are seven segments in the Money Smart for Older Adults program:
- Common Types of Elder Financial Exploitation
- Scams Targeting Veterans
- Identity Theft
- Medical Identity Theft
- Scams that Target Homeowners
- Planning for Unexpected Life Events
- How to Be Financially Prepared for Disasters
The program consists of a scripted instructor guide, participant/resource guide and power point slides available in a downloadable format and free of charge on the FDIC website here. For hard copies of the participant/resource guide, please visit the CFPB website here.
“As credit unions works to protect their members and train their staff on identifying and addressing elder abuse, the Money Smart for Older Adults program can be an excellent resource,” said Lauren Whaley, NCCUL Director of Legislative and Regulatory Affairs.
Whaley also noted that pending legislation in the NC General Assembly will soon require all financial institutions to also contact law enforcement in the event of suspected elder financial abuse. Under current law, notifying Adult Protective Services is only required.
To get consumer protection help or file a complaint about a scam targeting seniors, contact the Attorney General’s Office toll-free within North Carolina at 1-877-5-NO-SCAM or online at www.ncdoj.gov. Experts from Cooper’s Victims and Citizens Services Section are also available to make presentations to seniors and other groups by calling 919-716-6780 or emailing email@example.com.