NCRC Releases White Paper on Older Adult Financial Exploitation

Washington, D.C. – Today, the National Community Reinvestment Coalition (NCRC) released a white paper on age-friendly banking titled “Empowering Financial Service Providers to Help: Ways the Bank Secrecy Act Can Play a Stronger Role in Detecting and Preventing the Financial Crimes that Exploit Older Adults.” The white paper presents recommendations for actions that law enforcement and federal regulators, such as the Financial Crimes Enforcement Network, can take through existing law to protect older adults from financial fraud. It also suggests training guidelines for financial service providers to better identify and report suspicious financial activities.

“As a society, we owe it to Older Americans to ensure that they are not financially abused and robbed of their hard-earned savings,” said NCRC’s President and CEO John Taylor. “By working together, financial service providers, regulators, and older adults and their families can make banking more safe and secure.”

The white paper can be found here. For more information on age-friendly banking, NCRC’s white paper “A New Dawn: Age-Friendly Banking” can be found here. Information about NCRC’s documentary “Fleeced: Speaking Out Against Senior Financial Abuse” can be found here.

The release of the white paper coincides with Older Americans Month. For further information about NCRC’s activities for Older Americans Month or about hosting a screening of “Fleeced,” please contact Bob Zdenek, Director of NCRC’s National Neighbors Silver program, at rzdenek@ncrc.org. 


About the National Community Reinvestment Coalition (NCRC):

The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America’s working families.

Print Friendly, PDF & Email

Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

Complete the form to download the full report: