Wolf Administration Announces Elder Financial Abuse Prevention Toolkit to Bolster Outreach with Professionals, Organizations

HARRISBURG, Pa., Nov. 8, 2017 /PRNewswire-USNewswire/ -- The Department of Banking and Securities today announced the release of an Elder Financial Abuse Prevention Toolkit during a presentation by Executive Deputy Secretary Brian LaForme at the Pennsylvania Institute of Certified Public Accountants' Personal Financial Planning Conference in Malvern.

The toolkit can be found online here: www.dobs.pa.gov/Documents/Publications/Brochures/Elder%20Financial%20Abuse%20Prevention%20Toolkit.pdf

"This toolkit helps professionals, businesses, and organizations to identify, prevent, and report elder financial abuse," LaForme said. "This collection of resources further enables professionals who provide medical, legal, financial, or other services to senior citizens to play a critical role in preventing this devastating crime."

The toolkit offers information on the Elder Investment Fraud and Financial Exploitation (EIFFE) prevention program [PDF], a collaborative training program offered by the Departments of Banking and Securities and Aging, as well as the following resources:

• Publications and Video
• Social Media Guide
• Newsletter articles
• Photographs
• Talking Points

"Elder financial abuse prevention continues to be a cornerstone of Governor Tom Wolf's Consumer Financial Protection Initiative," Secretary of Banking and Securities Robin L. Wiessmann said. "Professionals working directly with older Pennsylvanians can take active steps to prevent and report these kinds of abuses, and can benefit from greater awareness of this growing problem."

The department produced the toolkit with support from the Pennsylvania Department of Aging, the Investor Protection Trust, and the North American Securities Administrators Association.

Professionals and organizations interested in learning more about the free EIFFE program or would like to host a training session can contact the department at [email protected]. Members of the public are invited to connect to the department through Facebook and Twitter, or subscribing to the department's newsletter.

MEDIA CONTACT: Ed Novak, 717-783-4721

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SOURCE Pennsylvania Department of Banking and Securities