News Room: SB 33: Financial Elder Abuse Sunset Elimination
May 2012
Friday, May 25, 2012
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The Elder Financial Protection Network (EFPN), a nonprofit that works to combat elder financial abuse, honored State Senator Joe Simitian (D-Palo Alto) yesterday for his work protecting the state’s seniors.
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January 2012
Monday, January 23, 2012
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The financial exploitation of seniors can take many forms. Some scams involve persuading people to put up good faith money, or a spurious transaction fee to claim a lottery prize. Others are more menacing, where a perpetrator coerces an elder into signing over investments, real estate or other assets through the use of manipulation, intimidation or threats.
Often, these scams raise the suspicions of bank employees who -- when given proper guidance and training -- are effective guards against financial abuse of elders. Since the passage in 2005 of the Financial Elder Abuse Reporting Act, authored by State Sen. Joe Simitian D-Palo Alto, bank employees have been required to notify authorities of incidents where elder financial abuse is suspected.
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December 2011
Tuesday, December 27, 2011
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On issues ranging from clean energy to elder abuse and from drug abuse to consumer protection, these bills authored by State Senator Joe Simitian (D-Palo Alto) will become law on or by January 1.
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September 2011
Friday, September 30, 2011
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State Senator Joe Simitian’s (D-Palo Alto) bill to make permanent protections against elder financial abuse has been signed into law by Governor Jerry Brown. The legislation, which makes permanent mandated reporting of elder financial abuse, passed the Assembly and the Senate with unanimous support.
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