FEDERALhearing transcript

Congressional Hearing: Fighting Fraud Against the Elderly

Original title: FIGHTING FRAUD AGAINST THE ELDERLY, AN UPDATE

January 1, 2016

elderly fraud consumer protection financial security scam prevention

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The Frame

What this does

The hearing serves as a public record of federal efforts to address financial exploitation of the elderly, which impacts the retirement savings and financial independence of older residents.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Older Americans

This demographic is the primary target of the fraud prevention policies and protections discussed in the hearing.

Federal Trade Commission

The agency provides testimony and enforcement data regarding consumer protection efforts.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

This document is a transcript of a 2015 House subcommittee hearing focused on identifying and preventing financial fraud targeting older Americans. Experts from federal agencies, consumer advocacy groups, and academia provided testimony on current scam trends and protective measures.

Key Facts

The hearing was held on October 23, 2015, by the Subcommittee on Commerce, Manufacturing, and Trade.
The session focused on updating Congress on the status of fraud prevention efforts targeting the elderly population.
Witnesses included representatives from the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB), and consumer advocacy organizations.
The hearing record includes a November 2015 Consumer Reports article titled 'Lies, Secrets, and Scams'.
The subcommittee received testimony regarding the role of technology and public guardianship in protecting older adults from financial exploitation.

Why It Matters

The hearing serves as a public record of federal efforts to address financial exploitation of the elderly, which impacts the retirement savings and financial independence of older residents.

Frequently Asked Questions

What was the purpose of this hearing?

The hearing was held to review current strategies and challenges in protecting older Americans from financial fraud and scams.

Who testified at the hearing?

Witnesses included officials from the FTC and CFPB, a from Cook County, a computer science professor, and an editor from Consumer Reports.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

cross reference90% confidence

Integration of Consumer Reports

The committee formally entered a Consumer Reports article into the official record, indicating a reliance on external media analysis for policy development.

Consumer Reports Michael C. Burgess

Connected Entities

personRobert F. Harris“Public Guardian, Cook County, Illinois”Map →

personDaniel Kaufman“Deputy Director, Bureau of Consumer Protection, FTC”Map →

personJanice D. Schakowsky“Ranking Member of the Subcommittee”Map →

personMichael C. Burgess“Chairman of the Subcommittee on Commerce, Manufacturing, and Trade”Map →

personTobie Stanger“Senior Editor, Consumer Reports”Map →

personStacy Canan“Deputy Assistant Director, CFPB”Map →

personCharles Wallace“Director of Undergraduate Studies, Michigan Technological University”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz5
Current news / social attention level

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