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Preventing Elder Financial Exploitation: Solutions to a Growing Threat
Image © [Vitalii Vodolazskyi] /Adobe Stock

06-15-23

Preventing Elder Financial Exploitation: Solutions to a Growing Threat

Elder abuse is a devastating problem that affects millions of seniors every year. In its 2022 Elder Fraud Report, the FBI’s Internet Crime Complaint Center reported total losses of $3.1 billion reported by victims over 60 years oldan 84 percent increase in losses from 2021. This alarming statistic reveals just how important it is to be aware of elder abuse and take steps to prevent it.

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The Compliance Risk of Artificial Intelligence
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05-12-23

The Compliance Risk of Artificial Intelligence

AI and algorithms have wide usage but bring unique risks to organizations, including compliance risks due to potential bias, discrimination, and data breaches. The FTC issued guidance in April 2023 to help manage these risks and protect consumers.

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MTMA Provides Uniform Framework for Licensing and Regulation of Money Transmitters
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05-04-23

MTMA Provides Uniform Framework for Licensing and Regulation of Money Transmitters

The Money Transmission Modernization Act (MTMA) was created to modernize the money transmission industry by allowing for comprehensive standards and requirements that reduce regulatory burden and encourage innovation, and improved consumer protections that allow for less confusing rules across states. In this article, we look at the three key benefits of the MTMA, as well as the current attitude of state legislatures toward its adoption.

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