As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA)
and the National Aging in Place Council (NAIPC)
have jointly launched new consumer Web pages to help seniors recognize the signs of abuse and report instances of financial fraud and exploitation to the appropriate authorities. Through their combined audience of more than 36,000 monthly Web site visitors, the organizations hope to provide more seniors with the tools to protect themselves from scams and abuse.
“Elder financial abuse is a growing epidemic in the United States and we have a special responsibility in our industry to help stop its spread,” said NRMLA President and CEO Peter Bell. “By making these resources readily available on our consumer education Web site reversemortgage.org, we are joining the global effort to prevent the abuse, neglect, and exploitation of older adults.”
NAIPC Executive Director Marty Bell said, "Our organization is devoted to helping people age with confidence and the resources to stay in their own homes as long as possible. Elder financial abuse, which costs victims so much more than money, strips away their dignity and independence. We all have a responsibility to recognize the signs of mistreatment and the wherewithal to report it.”
NRMLA and NAIPC partnered during WEAAD in 2016 to present, “Strategies for Keeping Older Adults Safe from Financial Predators,” a Webinar for professionals who work with seniors.