I missed this one. PASS ACT of 2011
This bill addresses "affinity scams" in which seniors are financially exploited by a trusted person- for example a caregiver, relative, or guardian. Financial institutions, including banks and credit unions, would need to implement training for staff and outreach/marketing materials for senior customers. Institutions would also need to offer "Senior Protection Accounts." If a transaction conducted through this account was possibly part of an affinity scam, the institution should not process it.
Bill Number HR 370 IH
Sponsor Representative Joe Baca (D-CA)
I'm writing to Mr. Baca....
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