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AARP and others urge stronger local capacity, new coordination center to protect older Americans from scams
Summary
AARP and witnesses told the House subcommittee that older Americans suffer disproportionate financial harm from scams and urged federal support for state and local training, improved reporting systems and the National Elder Fraud Coordination Center.
Kathy Stokes, director of fraud prevention programs at AARP, told the subcommittee that older adults bear a large share of documented fraud losses and that education alone is insufficient to stop losses at scale.
“A lot of once financially secure Americans who did the right thing and saved for a comfortable retirement are left to rely on government safety nets,” Stokes said,…
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