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Committee introduces measure to let banks and credit unions pause suspected fraud for seniors
2664308 · February 7, 2025
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Summary
RS32195 Change 1 was introduced to give financial institutions authority to place short holds and investigate transactions suspected to be fraud targeting people aged 65 and older and vulnerable adults; the committee voted to introduce the RS.
Representative Jeff Ehlers, District 21 of Meridian, introduced RS32195 Change 1 on Feb. 7, describing it as a tool for financial institutions to prevent exploitation of seniors and vulnerable adults.
"This RS relates to preventing financial fraud among senior citizens aged 65 and older and vulnerable adults," Representative Jeff…
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