Business & Finance

Letters to the Editor

The Banking Industry is the Frontline for Protecting the Elderly from Financial Abuse

Older Americans are increasingly becoming targets for fraud and financial exploitation. Persons over the age of 50 control more than 70% of the nation’s wealth. Many seniors do not realize the value of their assets (particularly homes that have appreciated markedly).*

Fraudsters target older Americans because they may be experiencing cognitive decline, limited mobility or other disabilities that require them to rely on others for help. Seniors who live in isolation and have chronic conditions have become even bigger targets.

Banks are often the front line of defense in protecting their elderly customers from financial abuse so bankers are trained to look for signs that may indicate abuse.

Sign Up for E-News

Banks are well-positioned to detect, prevent and report elder financial abuse. They continuously enhance their capacity to spot elder financial abuse through on-going training and enhanced fraud detection technologies. Frontline staff members observe and engage customers on a daily basis, enabling them to serve as one of the first lines of defense. Banks maintain a wide variety of internal protocols and procedures to protect customers from this abuse. The types of warning signs bankers look for include unusual account activity, unpaid bills or eviction notices, suspicious signatures, new “best friends,” and new powers of attorney or altered wills.

Everyone can use these warning signs to help protect relatives, friends and neighbors. The best way to protect your loved one is to watch out for red flags and help them take simple steps to safeguard their personal information.

NJBankers is doing its part to help by partnering with Senior Crimestoppers (http://www.seniorcrimestoppers.org/ ) whose mission is to keep nursing home residents free from theft, abuse, neglect, financial exploitation, and other crimes and actions. The banking industry funds the entire program. 

No one who has worked a lifetime for their assets should have to be subjected to financial exploitation. If you suspect elder financial abuse, we encourage you to speak with local police and Adult Protective Services in the appropriate town to report the issue.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer. Click here to submit a Letter to the Editor.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Roxbury

Upcoming Events

Carousel_image_eb12dc44d0961a47521c_1a9ef654e1301312de2d_coach

Sat, January 20, 8:00 PM

Investors Bank Theater, Succasunna

Coach Tom Whiteley

Arts & Entertainment

Sun, January 21, 4:00 PM

Investor's Bank Theater @ RoxPAC, Succasunna

Open Mic at Riverside Rhythm and Rhyme

Arts & Entertainment

Carousel_image_5078e779090d4dec75fa_paint_your_pet

Thu, January 25, 7:00 PM

Big Ed's Tap House at Circle Bowl, Ledgewood

Paint Your Pet Wine and Paint

Arts & Entertainment

Carousel_image_024d23cae10e9f7a121d_mini_magick20171228-26454-qoei4f

Mon, January 29, 6:30 PM

Roxbury Public Library, Succasunna, NJ 07876

Protecting Your Identity- What to Know and What ...

Education

Columns

AtlantiCast

AtlantiCast: Episode 010

On this week’s AtlantiCast, we take you to the groundbreaking for an expansion to Morristown Medical Center, introduce you to the newest babies of 2018 at Atlantic Health System and share some must-see winter weather tips!

 

Sponsors of Roxbury's Best Journalism

Getting it Right From the Start; Roxbury Realtor Bob Idakaar

ROXBURY, NJ – Twenty years ago this month, Bob Idakaar experienced an unprofessional real estate agent. That’s when he decided to be a good one.

Idakaar, a lifelong Succasunna resident and TAPinto Roxbury sponsor, bought his fifth home in July 1997. A big event, one that could have been joyous, ended up being stressful and unenjoyable.

“I had a bad experience,” he ...

Roxbury Diner: Homespun Hospitality Through Thick and Thin

ROXBURY, NJ – Roxbury was being buried in snow March 14 and most businesses were closed. Not Roxbury Diner.

Roxbury Diner isn’t like most businesses.For co-owner Jimmy Dontas, a snowstorm – even a blizzard – isn’t a reason to suspend operations. Instead, it’s a call to action.

To many in town, Roxbury Diner – a TAPinto Roxbury sponsor – is ...

It Began With Filling Your Tank; Now They Fix Your Grandson’s Car

When we drive east on Route 10 through Roxbury, many of us might remember a Shell station at the Randolph border next to the golf range. It was in that station that Nancy and Peyton Knight began their long history of auto repair in the township.

That was 1983 and soon the Knights’ business grew and expanded. The humble gas station gradually morphed into a state-of-the-art ...

Orthopedic Urgent Care in Roxbury - Open Late and on Weekends

ROXBURY, NJ – It’s a pleasant Sunday morning, you’re playing volleyball in the back yard with the kids and – forgetting you’re not 17 anymore – you jump up to smack that ball.

Instead of feeling the satisfaction of an unanswered spike, you feel the stinging pain of a wounded ankle.

The only good thing about this scenario is that you live in Roxbury. That ...

Love of His Hometown Drives Roxbury Realtor Ted Miller II

ROXBURY, N.J. – Most local real estate agents can tell you what houses are for sale in Roxbury. Ted Miller can probably tell you what was there before the houses were built. 

Miller, a TAPinto Roxbury sponsor, grew up in the township and has watched it change from bucolic to bustling. The son of a local Realtor, ...

Three Sons at His Side, John Klein Makes Plumbing a Family Affair

ROXBURY, N.J. - Running water and a warm house during winter months are some of the most important amenities we enjoy -- and often take for granted -- in our homes.

With John Klein Plumbing & Heating, a TAPinto Roxbury sponsor, residents of Roxbury (and beyond) have a father-and-sons company they count on for reliable plumbing and heating services to keep the ...

Letters to TAPinto Roxbury

Proving yourself first

January 5, 2018

Dear Editor,

I have read with interest the reaction of the only Democrat member of Roxbury's Town Council regarding his appointments to committees.

I recently retired after over 40 years in senior leadership roles in both public and private sectors. I have always found that responsibility is earned through proving one's self through team work, due ...

Two From Roxbury Area Make UVM Dean's List

January 19, 2018

BURLINGTON, VT -- Zoe Quan-Shau of Flanders and Samantha Valerie Mae Meneses of Succasunna were named to the Dean's List at the University of Vermont. To be named to the dean's list, students must have a grade-point average of 3.0 or better and rank in the top 20 percent of their class in their respective college or school.

University of Rhode Island Dean's List Includes Students from Roxbury

KINGSTON, RI - The University of Rhode Island is pleased to announce that 5,500 undergraduates have qualified for the fall 2017 Dean's List. The students represent nearly all of Rhode Island's cities and towns, all six New England states, New York and New Jersey, and many other states and nations.

To be included on the Dean's List, students must have completed 12 or more ...

Bedel-Franklin and Grady Make Emerson Dean's List

BOSTON, MA  - Hannah Bedel-Franklin, of Kenvil, and Matthew Grady, of Landing, were named to Emerson College's Dean's List for the Fall 2017 semester. The requirement to make the Dean's List is a grade point average of 3.7 or higher.

Samuel Sherwood makes Roger Williams University Dean's List

BRISTOL, RI -- Samuel Sherwood of Succasunna was named to the Fall 2017 Dean's List at Roger Williams University in Bristol, R.I.

Full-time students who complete 12 or more credits per semester and earn a GPA of 3.4 or higher are placed on the Dean's List that semester.

 

Succasunna's Kent Libby Named to Worcester Polytechnic Institute Dean's List

WORCESTER, MA - Worcester Polytechnic Institute (WPI) has announced that Kent Libby of Succasunna,, a member of the class of 2020 majoring in robotics engineering, was named to the university's Dean's List for academic excellence for the fall 2017 semester.

A total of 1,608 undergraduate students achieved the criteria required for WPI's fall 2017 Dean's List. The criteria ...

Press Releases

First Energy Donates to Morris Habitat for Humanity ReStore

January 17, 2018

First Energy is pleased to partner with Morris Habitat for Humanity to provide a grant to support Operator Safety Training for the ReStore staff and volunteers. A check for $2,500 from First Energy Foundation was presented to Morris Habitat and the ReStore on January 16, 2018.  Pictured are Mel Oppenheimer, ReStore Advisory Committee; Blair Schleicher Bravo, CEO Morris Habitat; Michael ...

Brain Cancer Study Opens at Overlook Medical Center - One of Four Sites in Country

Kurt Jaeckle, MD, co-director of the Gerald J. Glasser Brain Tumor Center at Overlook Medical Center, and medical director of the Atlantic Center for Research, is leading a phase III study of novel drug VAL-083, which has already shown promise in Glioblastoma and other cancers. 

The study is for patients whose glioblastoma multiforme or gliosarcoma has progressed during or after treatment ...