Establishes a trusted contact program for financial services providers to mitigate financial exploitation and fraud.

The bill establishes a trusted contact program for financial services providers to mitigate financial exploitation and fraud. Customers can designate a trusted contact, who can be contacted in emergencies, if the customer is unresponsive, or if fraud is suspected. Financial services providers can limit liability for actions taken by trusted contacts and are not liable for declining to interact with a trusted contact if they determine the contact is not acting in the customer's best interest.

Establishes a trusted contact program for financial services providers to mitigate financial exploitation and fraud.

The bill establishes a trusted contact program for financial services providers to mitigate financial exploitation and fraud. Customers can designate a trusted contact, who can be contacted in emergencies, if the customer is unresponsive, or if fraud is suspected. Financial services providers can limit liability for actions taken by trusted contacts and are not liable for declining to interact with a trusted contact if they determine the contact is not acting in the customer's best interest.