ABA works jointly with AARP to fight against financial abuse of older Americans.

• Position: AROUND THE ABA - Brief article

ABA'S COMMUNITY ENGAGEMENT FOUNDATION has joined with AARP to protect the financial security of older Americans through a planned Commitment to Action through the Clinton Global Initiative (CGI). They anticipate a two year pledge that will focus on protecting, older Americans from financial abuse and exploitation. According to a recent study, older adults lose $2.9 billion each year to fraud.

"America's aging population will transform the way banks provide financial services to their customers," says Frank Keating, ABA president and CEO. "Our planned alliance with AARP will help us provide bankers, older Americans, and their caregivers, with the tools they need to thwart financial crimes."

As part of the expected commitment, ABA and AARP will conduct research on fraud, financial caregiving and age-friendly banking; create resources for bankers to discuss prevention of fraud against older Americans; help banks make branches age-friendly; and...