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Category: Seniors

Asking for Money While Kissing – a Big Red Flag

February 19, 2020 Bankcenter Staff

Romance scammers prey on consumers who are looking for love, converting what feels like a budding relationship into an ask…

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Posted in: CONSUMER, Fraud, FTC, Scams, Seniors

Millions of Americans Dying Unable to Afford Treatment

November 12, 2019 Bankcenter Staff

More than 13% of Americans – about 34 million people – have a friend or family member who died sometime…

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Posted in: CONSUMER, Medical, Seniors

40 Million Consumers Ripped-Off Last Year

November 3, 2019 Bankcenter Staff

The Federal Trade Commission has released the results of a comprehensive survey conducted in 2017 that examined the prevalence of mass-market…

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Posted in: CONSUMER, Fraud, FTC, Scams, Seniors

401(k) Loan Repayments Stress Out Employees

October 29, 2019 Bankcenter Staff

While employees appreciate being able to take 401(k) loans in case of financial emergency—20 percent of all 401(k) participants currently…

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Posted in: CONSUMER, Loans, Retirement, Seniors

More Older Americans Getting Fleeced

October 24, 2019 Bankcenter Staff

A new report from the Federal Trade Commission shows that adults aged 60 and older are less likely to report…

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Posted in: CONSUMER, Fraud, Seniors

Retirees Would be FUBAR Without Social Security

October 21, 2019 Bankcenter Staff

Retirees are the last generation in the United States to live a retirement shaped by the forces of the prior…

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Posted in: CONSUMER, Seniors, Wells Fargo

BofA & AARP Team to Fight Senior Financial Exploitation

October 8, 2019 Bankcenter Staff

Bank of America and AARP announced a collaboration to provide resources to help­ retirees combat financial exploitation. Through the collaboration,…

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Posted in: Bank of America, CONSUMER, Education, Fraud, Seniors

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