ABA Fraudcast: The increasing threat of elder fraud and understanding state hold laws

As elder fraud skyrockets, banks are actively seeking strategies to protect their customers, including proper use of “hold” laws to delay transactions in suspected cases of exploitation. In this episode of the ABA Fraudcast, ABA’s Paul Benda addresses these important issues with guests Barb Graziano, VP, internal audit, compliance and BSA officer for First Seacoast Bank in New Hampshire, and ABA’s Sam Kunjukunju, VP for consumer education and community engagement, who discusses ABA’s State Hold Laws and Elder Financial Exploitation Survey Report, which has valuable information for banks.

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