Avoid Scams and Get Help with New CFPB Guides


We support reforms to the financial marketplace that protect consumers from unscrupulous banks and lenders.

By Consumers Union on Thursday, October 31st, 2013

This week, the Consumer Financial Protection Bureau (CFPB) released four new booklets aimed at helping the millions of Americans handling the financial affairs of others.

The Managing Someone Else’s Money guides help people understand what their responsibilities are when they have power of attorney, or are acting as a  court-appointed guardian, or trustee, or government fiduciary (Social Security representative payees and VA fiduciaries.)

These guides also contain helpful information on how to spot, prevent and stop senior financial exploitation, and how to avoid being scammed. Also included are resources for those who have already been victimized.

All four guides are available here.

 Have you been scammed? Tell us about it in the comments. 

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