Elder Financial Abuse Epidemic

Image of a group of golden-agers smiling and laughing.

Image of a group of golden-agers smiling and laughing.

The mortgage community has a unique role in ensuring that appropriate policies are in place to prevent elder financial abuse. Financial institutions, including banks, credit unions, brokerages, and money services businesses (MSBs) are typically required to file SARs when they know or suspect that illegal activity is occurring in their transactions.