Elder and dependent adult fraud protection bill awaits Governor’s signature to become law ...Middle East

SACRAMENTO, Calif. – On Thursday, the California Legislature approved Senate Bill 278 (SB 278) which aims to improve elder and dependent adult financial abuse protections by clarifying the requirements for banks and other financial institutions to respond to potential fraud. "Today we take an important step toward underscoring what steps a bank or credit union should take to protect against senior scams, which, unfortunately, are occurring all too often," detailed the bill's author, State Senator Dodd. "My bill says in plain language that if an institution or advisor knows or should have known that an elder or dependent adult is subject to financial abuse – and repeatedly fails to act –

Hence then, the article about elder and dependent adult fraud protection bill awaits governor s signature to become law was published today ( Monday 02/09/2024 - 10:25 PM ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Elder and dependent adult fraud protection bill awaits Governor’s signature to become law )

Also on site :

• Aura AI Assistant for Unreal Engine Launches: VR Studio Ships Game in Half the Time with New Agent Capabilities
• Man accused of placing pipe bombs near GOP and Democratic headquarters in Washington to remain in jail pending trial
• FDA Clears BrainSpace Intellidrop, an automated neuro device that addresses ICU nursing shortages and builds training data for Physical AI