Most of us look forward to a retirement filled with leisure and relaxation, but many older Americans are facing financial difficulties that are destro...
Financial Challenges Facing Seniors…And How to Fight Back
September 21, 2017
New Federal Law Puts Focus on Preventing Elder Abuse
January 12, 2018
A new federal law is designed to address the growing problem of elder abuse. The law supports efforts to better understand, prevent, and combat both financial and physical elder abuse.
The prevalence of elder abuse is hard to calculate because it is underreported, but according to the National Council on Aging, approximately 1 in 10 Americans age 60 or older have experienced some form of elder abuse. In 2011, a MetLife study estimated that older Americans are losing $2.9 billion annually to elder financial abuse.
The bipartisan Elder Abuse Prevention and Prosecution Act of 2017 authorizes the Department of Justice (DOJ) to take steps to combat elder abuse. Under the new law, the federal government must do the following:
Create an elder justice coordinator position in federal judicial districts, at the DOJ, and at the Federal Trade Commission
Implement comprehensive training on elder abuse for Federal Bureau of Investigation agents
Operate a resource group to assist prosecutors in pursuing elder abuse cases
The law requires the DOJ to collect data on elder abuse and investigations as well as provide training and support to states to fight elder abuse. The law specifically targets email fraud by expanding the definition of telemarketing fraud to include email fraud. Prohibited actions include email solicitations for investment for financial profit, participation in a business opportunity, or commitment to a loan.