WI Credit Union League urges elder financial abuse reforms
League urges assembly committee to pass critical changes
MADISON, WI (February 23, 2021) —
The Wisconsin Credit Union League is urging passage of a key elder financial abuse prevention bill to help seniors targeted for illegal and fraudulent withdrawals and other transactions.
The League will testify in support of the reforms at 10 a.m. Wednesday, Feb. 24, before the Assembly Criminal Justice and Public Safety Committee.
“Credit unions and other financial institutions need to be able to help vulnerable adults when our employees suspect fraud, and SB 19/AB 46 will go a long way to assist them,” said Sarah Wainscott, Senior Vice President of Advocacy at The League. “This legislation passed the Assembly last session and was awaiting a vote in the Senate in March. We have the opportunity now to get this across the finish line and better protect consumers.”