Senior Savings Protection Act
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Table of Contents
Senator Ron Wyden introduced this bill in the Senate. It aims to change how financial institutions report certain types of suspicious activity related to older adults.
Why it matters: This is a targeted regulatory change intended to give banks more specific instructions on how to identify and report fraud targeting older customers.
Who it affects
- Financial institutions, including banks and credit unions
The Senate and Congress.gov are the sources; check the full text of the bill before relying on this information.
Agency: Senate
Source: Congress.gov — read the official document