New bill aims to curtail elder financial abuse

The Senior$afe Act of 2015 is sponsored by Senators Susan Collins, R-Maine, and Claire McCaskill, D-Mo., the chairwoman and ranking member, respectively, of the Senate Special Committee on Aging.

The Act would protect banks, credit unions, investment advisers and broker-dealers and their employees from civil or administrative liability, as long as employees receive training in how to spot and report predatory activity and reports are made “in good faith” and “with reasonable care,”

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