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, the Consumer Financial Protection Bureau (CFPB), AARP, and Minnesota’s law enforcement. Seniors have increasingly been targeted by criminals using more sophisticated tools to fleece cash from innocent victims. Over the past 3 years, Commerce Commissioner Mike Rothman has trained and enlisted many professionals from doctors and nurses to home care providers, social workers, and accountants to help spot fraud in their clientele.
Minnesota became the first state in the nation last week to provide guidance to financial institutions on how to spot financial fraud in their customers and enlist their help to protect our senior citizens (.pdf). On Tuesday, April 22, Commissioner Rothman, Skip Humphrey (CFPB), Ramsey County Sheriff Matt Bostrom, and AARP’s Minnesota State Director Will Phillips will hold a press conference to announce the recent events in senior protection, what can be done to protect seniors, how to spot financial abuse in our loved ones, and hear directly from families and the financial institutions how important this guidance can be in protecting Minnesota senior citizens.
Commissioner Mike Rothman, Minnesota Department of Commerce
Hubert “Skip” Humphrey, Consumer Financial Protection Bureau
Will Phillips, Minnesota’s AARP State Director
Sheriff Matt Bostrom, Ramsey County Sheriff
Peggy Hiestand-Harri, Consumer
Terri Maloney, Catholic United Financial Credit Union President & CEO
Tuesday, April 22
1:00 PM – 2:00 PM
Lyngblomsten Care Center, Newman-Benson Chapel
1415 Almond Avenue
Saint Paul, MN