September 27, 2021

New Protections in Place for Vulnerable Adults

Vulnerable adults in Michigan have new protections in place as the Financial Exploitation Prevention Act took effect yesterday, September 26. The statute enacts new requirements on financial institutions to ensure they have training and procedures in-place to better recognize the signs of financial exploitation and take action to protect those who are unable to protect themselves from abuse, neglect, or exploitation because of a mental or physical impairment or because of advanced age.

Read more at Michigan.gov

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