The filing deadline to claim the Small Business Health Care Tax Credit for the 2015 tax year is coming up on May 15, which could lead to big savings for eligible small credit unions. Plus your question on the CFPB’s credit card agreement submission expiration, and this week’s legal briefs.
How is “financial exploitation” defined in Washington State?
Your Strategic Link partner Vero has a solution to help your elder members. ElderIDPro is an exclusive identify theft fully managed recovery product.
The NCUA is offering valuable resources on identifying and reporting financial abuse of older credit union members.
Mary Sroufe will be leading a breakout session at Convention on dealing with elder financial abuse. Here she outlines the basics of financial abuse and offers simple tips to help credit unions identify and curb incidents among membership.
When credit unions need compliance help, they need rapid response. They get it from the Northwest Credit Union Association, and Mary Sroufe is one of the people to thank for it. Sroufe is heading into private practice where she will focus on elder and compliance legal issues.
The CFPB is hoping to learn more about the many ways in which older Americans are financially exploited and about the best practices for elder financial management.
Credit unions are uniquely positioned to help prevent financial abuse, and communities around the world and throughout Oregon will work to raise awareness of elder abuse, neglect and exploitation on June 15 as part of World Elder Abuse Awareness Day.
Credit union employees are often the first line of defense protecting elders from financial abuse. New Oregon legislation protects senior citizens while improving law enforcement’s ability to investigate and prosecute such cases.
Credit unions operating in Washington state are required to train their member facing employees to recognize vulnerable adult abuse. Throught the NWCUA, receiving this training is just one click away.