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Could Your Credit Union Be Sued For Elder Abuse?(financial elder abuse)
- Article from:
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Credit Union Journal
- Article date:
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March 8, 2004
- Author:
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;
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Copyright informationCOPYRIGHT 2004 Thomson Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Did you know that your credit union could be sued for elder abuse? It is a scary notion, but a true one.
Elder abuse, and specifically financial elder abuse, is a topic that has received much attention of late, and the reality is that the California statutes that govern elder abuse are increasingly being used by trustees, estates and family members of the elderly to sue financial institutions in an effort to recoup money that has been pilfered by others.
Now this is not to say that your credit union will ultimately be found liable under these statutes, but it does mean that if your institution in brought into such a suit, you can look forward to spending a lot of ...
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