CFPB offers tips for older adults CUs can share with members

The CFPB offers information and resources for older adults who are particularly vulnerable to the coronavirus. Such tips include financial management and protecting themselves from scams and could prevent serious monetary damage during an already stressful time. They include:

• Tips for financial caregivers – Learn about ways to connect with someone whose money you help manage while observing virus prevention tactics like social distancing and quarantines.
• Beware of scams – Recognize and prevent fraud and scams during the coronavirus pandemic.
• Online and mobile banking tips – Online banking allows customers to handle their finances from the comfort of home. We share tips for people who are new to online or mobile banking, as well as offer information about the transactions that are available.
• Avoid scams while finding help – If you or a loved one needs help with errands, watch out for scammers. (Co-authored by the FTC)