Financial elder exploitation costs older Americans an estimated $35 billion every year. Too many seniors and adult dependents find themselves vulnerable to frequent financial exploitation and overreach. Credit unions can find themselves torn between their duty to preserve member privacy and their desire to protect vulnerable members from greedy exploitation.
You can do your part to protect the elderly by reporting suspected cases. This webinar will share your possible legal requirements as well as how to spot and prevent financial elder abuse.
As an innovative payments association, Wespay is dedicated to guiding members through the ever-evolving payments industry with education, information, advisory and advocacy services. Our dedicated team partners with financial institutions, fintech companies, third-party payment providers and organizations that supply payment services related to operations and compliance, risk management and fraud, as well as payments strategy and planning.
As a Direct Member of Nacha, Wespay is a specially recognized and licensed provider of ACH education, publications, and support. Wespay is directly engaged in the Nacha rulemaking process, the Accredited ACH Professional (AAP) Program and the Accredited Payments Risk Professional (APRP) Program. Additionally, Wespay is partnered with ECCHO, as a designated Educational Partner for the National Check Professional (NCP) accreditation program.
