Articles Posted in financial protection

A recent New York Times article spotlights a renewed approach and increased legislative response to financial elder abuse. Featured in the article are personal accounts of real people whose family members and close friends have been affected by elder financial abuse. Investment fraud and financial abuse directed towards seniors and the elderly has been a…

Reverse Mortgage Companies See Reversal of Fortunes This week, the Consumer Financial Protection Bureau (CFPB) announced charges against three top reverse mortgage companies with false claims and deceptive advertising. These companies lured consumers into reverse mortgage contracts under the claim that they would not stand a chance of losing their homes, among other promises. American…

Anytime you decide to invest, you always do background research on the asset or security, right? It is important to know the why and how of an asset or security’s performance before deciding to invest. Shouldn’t this be the same for your investment broker? Whatever security in which you invest, it is important to know…

Risk-taking is a natural part of making financial investments These should be calculated risks, though; risks based on performance projections of whatever is being invested in. Though financial investments should not include those unforeseen or unaccounted for risks like fraud, investors are constantly facing it. In the event that your financial investments fall prey to…

Investment scams are the last thing people want to worry about following a natural disaster. Last week, Hurricane Matthew swept along Florida’s east coast on its way to the Carolinas. Major property damage was experienced in northeast Florida, coastal Georgia and North and South Carolina due to flooding. Natural disasters result in millions of dollars…