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Regions Bank intros resources to prevent financial exploitation

Regions Bank intros resources to prevent financial exploitationImage via Istock.com


Regions Bank has introduced a set of resources to help stop financial exploitation, particularly for seniors.

Seniors lose an estimated $36.5 billion annually due to scams, according to the National Council on Aging. Regions Banks aims to help prevent that with best practices, tips and advice, according to a press release.

"It is incredibly disheartening for anyone to recognize they have been scammed, and that's why it's so important to empower people with information about common forms of fraud," Kate Danella, head of the consumer banking group for Regions Bank, said in the release. "One of the strongest defenses against fraud is a well-informed public. When people know what to look for, they can often stop financial exploitation from ever succeeding. And here at Regions, we are working to do our part every day. From building strong relationships with customers, to looking out for warning signs and routinely asking questions about transactions and transfers, our goal is to help people protect their assets and avoid financial exploitation."

These resources will be available through Region's Next Step educational program. Some of the tips include:

  • Take time to plan.
  • Consider a family member or trusted friend as a power of attorney.
  • Know warning signs of financial abuse.
  • Protect personal information.

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