Combating Abusive Tactics, Fraud, and Impersonation Scams Harming Seniors Act of 2026.
The Combating Abusive Tactics, Fraud, and Impersonation Scams Harming Seniors Act of 2026 aims to enhance protections against romance fraud targeting senior customers. It mandates that financial institutions and retailers with 500 or more employees establish procedures to mitigate romance fraud, including transaction monitoring and employee training. Financial institutions must report certain events to the Secretary of the Treasury and provide information to senior customers about trending frauds and methods to avoid them.
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