Banking and Financial Services Provider Protections for Eligible Adults from Financial Exploitation.
The bill enacts protections for eligible adults from financial exploitation by allowing depository institutions to delay, refuse, or prevent certain activities and transactions. Eligible adults include those aged 65 and older or those with substantial mental or functional impairments. The bill permits disclosure of financial information to certain third parties and designated government agencies.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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