Kristen McManus
@kristenmcmanus.bsky.social
@AARPNY advocate. Views are my own.
Older NYers are losing $23k an hour to scammers, and the best way to fight it is allowing banks to halt a transaction before that money is gone forever. This provision must be in the final budget - the stakes are too high to wait to protect older adults and their heard-earned nest eggs.
A proposal in Gov. Kathy Hochul’s executive budget would require bank tellers and other employees to undergo special training to identify victims of financial fraud, then flag and report suspicious transactions to law enforcement to prevent them from turning over funds to unscrupulous scammers.
Older people lose millions to scammers. New York could change that.
New York's older population is growing – and so are the number of scammers intent on taking millions of dollars from them.
www.timesunion.com
March 19, 2025 at 3:47 PM
Older NYers are losing $23k an hour to scammers, and the best way to fight it is allowing banks to halt a transaction before that money is gone forever. This provision must be in the final budget - the stakes are too high to wait to protect older adults and their heard-earned nest eggs.