Janie Wynn Protecting Elders from Financial Exploitation Act requires fraud alerts for senior citizens with pre-approved credit cards and training.
The Janie Wynn Protecting Elders from Financial Exploitation Act mandates the Director of the Bureau of Consumer Financial Protection to issue a final rule requiring card issuers to provide fraud alerts for pre-approved credit cards issued to senior citizens. This includes alerts to the cardholder and a selected individual who is at least 25 years old and either a relative or spouse of the cardholder or has described their relationship with the cardholder.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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