Centre for Policy on Ageing
 

 
The Massachusetts Bank Reporting Project
 — an edge against elder financial abuse
Author(s)Gillian Price, Craig Fox
Journal titleJournal of Elder Abuse & Neglect, vol 8, no 4, 1997
Pagespp 59-71
Sourcehttp://www.tandfonline.com
KeywordsElder abuse ; Financial services [older people] ; Banks ; Projects ; United States of America.
AnnotationFinancial exploitation of older people is one type of elder abuse. This article describes the work of the Massachusetts Bank Reporting Project, which was set up to prevent financial exploitation of older people through educating bank employees and customers; increasing voluntary cooperation among the financial industry, elder protective services and law enforcement; and encouraging the banking industry to develop and promote methods of protecting customers and their assets. During the first six months 57 reports of financial exploitation were made by bank staff statewide compared to 10 reports received in the previous twelve months. The article concludes that the project can be replicated by other states.
Accession NumberCPA-971128405 A
ClassmarkQNT: J: WNM: 3E: 7T

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