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New Law Allowing Credit Freeze For Financial Caregivers

What You Should Know About Credit Freeze To Protect Against Financial Exploitation This article was written by Stacy Canan and Lois Greisman for the Consumer Financial Protection Bureau. If you manage someone else’s money, protecting your loved one from financial exploitation and scams is among your important responsibilities. Starting Sept. 21, 2018, a new federal law lets some financial caregivers request a security freeze, also called a credit freeze, on their loved one’s behalf. Taking this step can help protect them...

Posted by on Nov 19, 2018

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Exploitation, Shannon Miller

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New Security Freeze Legislation Protects Seniors

The New Law Provides Free Security Freezes To Protect Your Credit Report  Written by Jeremiah Battle, National Consumer Law Center Overview Of Security Freeze Law There are many scams targeting older adults that trick them into giving money to bogus companies, timeshares,or bail for grandchildren.  Identity theft is another scam that lures people into giving out personal information. The scammers then use this information to steal the older adults’ identity and ruin a lifetime of positive credit. A new law signed by the...

Posted by on Jul 30, 2018

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Exploitation, Uncategorized

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