Today, the U.S. House of Representatives passed H.R. 2478, the Financial Exploitation Prevention Act of 2025, by a vote of 414-2. Sponsored by Subcommittee on Capital Markets Chairman Ann Wagner (MO-02) and Rep. Josh Gottheimer (NJ-05), this bipartisan bill provides financial institutions greater authority to help prevent suspected financial exploitation of older Americans and individuals with mental or physical disabilities by allowing them to temporarily delay certain transactions when such exploitation is reasonably suspected.
Chairman Hill said, “Protecting Americans from financial exploitation requires strong coordination among families, financial institutions, and law enforcement. This bill will help strengthen those partnerships and provide additional tools to safeguard vulnerable individuals from fraud and abuse. Importantly, this bill is tailored to address suspected…
CLICK HERE to read the FULL House Passes Committee Bill to Combat Financial Fraud and Scams article.
Shred all physical documents that contain your full name, address, ID number, or financial details before throwing them in the bin to prevent “dumpster diving” identity theft.