28 November 2019
We know that people over the age of 50 are at risk of financial abuse,
scams and fraud. This is often called elder financial abuse.
Elder financial abuse can take many forms and happen to anyone.
It is a mistake to think it couldn’t happen to you or those you love.
Even though it’s hard to discuss, the more we understand what elder
financial abuse is, the more we can identify it, talk about it, and take
action to prevent it from happening.
This guide is for our older customers and their loved ones. We want
you to be safe and savvy when managing your money.
Access to credit opens up opportunities and fulfills aspirations. Getting it right requires the right balance between consumer protections and the flow of credit.
Interviewed by AM’s Peter Ryan, ABA CEO Anna Bligh talked about the substantial drop in loan deferrals since their peak during the pandemic, falling from 900,000 to 300,000.