Wisconsin Bill 972: Elder Financial Exploitation

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Authorizes financial institutions to delay or refuse transactions involving suspected exploitation of vulnerable adults, including short-term holds for suspected elder fraud.

Status: Proposed State: Wisconsin Tags: Transaction Controls, Vulnerable Populations

About the Legislation:

This bill authorizes financial service providers to delay or refuse transactions involving suspected exploitation of vulnerable adults, including short-term holds (5 days, extendable to 15 with law enforcement), and allows additional actions to prevent or detect fraud. Note: Trusted list passed last session. The bill will likely to die in the Senate (Senate Committee Chair opposes a pause on any transaction).

State Association Contact

Tyler Foti, Director of Government Relations

Wisconsin Bill 972: Elder Financial Exploitation

About the Legislation:

State Association Contact

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