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Tuesday, October 7, 2014

FDIC/CFPB Develop Spanish-Language Tool

The FDIC and CFPB launched a Spanish version of Money Smart for Older Adults. This free financial resource tool is designed to help aid older adults and their caregivers to prevent, identify and respond to elder financial exploitation. FDIC Chairman, Martin Gruenberg said:

We know that senior citizens are increasingly targeted for financial exploitation. With nearly four million Spanish-speaking older adults across the country, this tool adds a new resource to help Spanish-speaking seniors prevent, respond to, and report abuse.

CFPB Director Richard Cordray said:

We must do all we can to prevent financial exploitation of older Americans. By providing these resources in Spanish, we will be better able to educate and empower seniors to avoid becoming victims of financial abuse.

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