News Room: SB 1018: Mandatory Reporting of Financial Abuse
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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December 2007
Thursday, December 27, 2007
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The $23,095.58 wire transfer from Jack Whittaker's savings account at the Antioch Schools Federal Credit Union was the first sign something was fishy.
A day after the money had left his account, the 82-year-old widower went in to the credit union to make a withdrawal. He was shocked to learn that his account was nearly empty. The money he thought was there had gone to purchase an annuity he knew nothing about.
After that, credit union CEO Rob Greaff and his staff started keeping a close eye on the World War II veteran's account.
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December 2006
Saturday, December 30, 2006
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If an elderly customer's bank account dwindles from ATM withdrawals and check signatures, tellers will not remain silent.
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Thursday, December 28, 2006
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Sacramento – As calendars turn to 2007 next week, California’s seniors will have one more set of eyes looking out for them. SB 1018, a law that will protect elders by making bank, savings and loan, and credit union employees mandated reporters of elder financial abuse, will go into effect on January 1. The bill was authored by State Senator Joe Simitian (D-Palo Alto) and signed into law in 2005.
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November 2005
Thursday, November 17, 2005
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Palo Alto – The Congress of California Seniors and the California Alliance for Retired Americans (CARA) released their annual legislative scorecards, giving State Senator Joe Simitian (D-Palo Alto) a 100% voting record on legislation supporting seniors.
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August 2005
Monday, August 29, 2005
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Sacramento – State Senator Joe Simitian (D-Palo Alto) announced today that Governor Arnold Schwarzenegger signed SB 1018, his bill to protect elders by making bank, savings and loan, and credit union employees mandated reporters of elder financial abuse. Governor Schwarzenegger signed the bill in a ceremony in his office.
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July 2005
Wednesday, July 13, 2005
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Sacramento - State Senator Joe Simitian (D-Palo Alto) today announced that SB 1018, his bill to protect elders by making bank, savings and loan, and credit union employees mandated reporters of elder financial abuse, has passed out of the Assembly on a 54-10 vote. The bill will go back to the Senate for approval of the amendments taken in the Assembly, and then will go to the Governor.
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June 2005
Wednesday, June 01, 2005
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MEDIA ADVISORY
June 1, 2005
For More Information, Contact:
Hema Sareen Mohan (650) 688-6384
NEWS CONFERENCE ABOUT ELDER ABUSE PROTECTIONS
WHAT:
State Senator Joe Simitian (D-Palo Alto) and Assemblywoman Lois Wolk (D-Davis) will discuss their measures, SB 1018 and AB 1605, respectively, to require that bank employees who suspect elder financial abuse immediately notify Adult Protective Services (APS), which investigates reports of elder abuse, or law enforcement authorities.
Bank employees would join other mandated reporters of elder abuse including health care professionals, social workers, nursing home workers, and clergy. As with other mandated reporters, bank employees would not be liable if their suspicions prove unfounded.
Both SB 1018 and AB 1605 have generated widespread support from law enforcement, senior groups and county welfare officials. SB 1018 was approved by the State Senate on May 26 on a 24-14 vote, and will be heard next in the Assembly. AB 1605 will be heard on the Assembly floor later this week.
WHEN:
Thursday, June 2, 2005 at 11:30 AM
WHERE:
State Capitol, Sacramento, Room 1190, Governor’s Press Room
SPEAKERS:
Attorney General Bill Lockyer
State Treasurer Phil Angelides
Assemblywoman Lois Wolk
State Senator Joe Simitian
HOW:
Media can also listen in by phone:
Dial-In Telephone Number: (888) 285-4585
Participant access code: 598641
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May 2005
Thursday, May 26, 2005
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SACRAMENTO - State Senator Joe Simitian (D-Palo Alto) today announced that SB 1018, his bill to make bank, savings and loan, and credit union employees mandated reporters of elder financial abuse, has advanced through the Senate on a 24-14 vote. It will be heard next in the Assembly.
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