AARP: Governor Seizes Leadership in Fight Against Growing Elder Financial Abuse Problem

Association Supports Governor’s Common Sense Proposals to Fight Exploitation

ALBANY, N.Y. – AARP New York State Director Beth Finkel issued the following statement today in response to Governor Andrew Cuomo’s proposals to combat elder financial exploitation:

“Older New Yorkers work a lifetime to accumulate assets they depend on, and AARP applauds Governor Cuomo for seizing leadership in the fight against elder financial exploitation.

“With 10,000 Americans turning 65 every day, elder financial abuse is a growing problem. AARP supports the common sense steps of expanding foreclosure safeguards already in place for homeowners to reverse mortgage holders, and training, certifying and legally empowering bank employees to recognize and halt potential crimes.

“AARP looks forward to working with the Governor and Legislature to turn these sensible and effective proposals into law.”

Contact: Erik Kriss, ekriss@aarp.org

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AARP is a nonprofit, nonpartisan organization, with a membership of nearly 38 million that helps people turn their goals and dreams into 'Real Possibilities' by changing the way America defines aging. With staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and promote the issues that matter most to families such as healthcare security, financial security and personal fulfillment. AARP also advocates for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name.  As a trusted source for news and information, AARP produces the world’s largest circulation magazine, AARP The Magazine and AARP Bulletin. AARP does not endorse candidates for public office or make contributions to political campaigns or candidates. To learn more, visit www.aarp.org or follow @AARP and our CEO @JoAnn_Jenkins on Twitter.

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