New Online Guide for Seniors: Combatting Financial Fraud

WASHINGTON — U.S. regulators have a new guide for teaching older adults how to detect financial scams and avoid being exploited.

The curriculum was developed by the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau. It has been designed to instruct seniors and their caregivers and is targeted for use by employees of financial firms, adult protective service agencies, senior advocate groups, as well as law enforcement personnel.

The free curriculum, titled “Money Smart for Older Adults,” includes an instructor guide, a participant guide, and Power Point slides. It can be accessed online at:

http://www.fdic.gov/consumers/consumer/moneysmart/OlderAdult.html.

The guide notes warning signs that seniors should look out for, such as people asking for personal information over the phone.

Source: The Associated Press