HR 8922
Janie Wynn Protecting Elders from Financial Exploitation Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Janie Wynn Protecting Elders from Financial Exploitation Act, aims to protect senior citizens from financial scams and exploitation. It requires credit card issuers to send fraud alerts to the cardholder and designated family members or trusted contacts upon credit card activation. Additionally, it mandates that banks and credit unions train employees to recognize and report suspicious account activity that could indicate exploitation, such as unusual transactions or changes to account details.
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