1/29/2015 10:14:43 AM
For Immediate Release:
SAINT PAUL, MN Protecting Minnesota s older adults from financial abuse has been a top priority for the Minnesota Department of Commerce. Seniors have increasingly been targeted by criminals using more sophisticated tools to fleece cash from innocent victims.
Over the past 4 years, Commerce Commissioner Mike Rothman has trained and enlisted many professionals from doctors and nurses to home care providers, social workers, financial industry workers and accountants to help spot fraud in their clientele. Now, Rothman s Department is proposing new legislative action to combat fraud and financial abuse aimed at Minnesota s vulnerable and older adults.
The Minnesota Department of Commerce is proposing the Vulnerable and Older Adult Financial Abuse Protection Act. This proposal aims to help combat financial abuse aimed at the senior and vulnerable adult populations. It is intended to provide Commerce Department-regulated entities the tools to help identify, report, and take action against suspected cases of financial abuse. Joining Commissioner Rothman in support of the proposal will be vulnerable and older adult advocates including the former Minnesota Attorney General Skip Humphrey, Iris Freeman of the Minnesota Elder Justice Center, and Gary Johnson with the Better Business Bureau.
Commissioner Mike Rothman, Minnesota Department of Commerce
Hubert Skip Humphrey, Former Minnesota Attorney General
Iris Freeman, Minnesota Elder Justice Center
Gary Johnson, Better Business Bureau
Thursday, January 29, 2015
Banking & Finance