BankSafe Safeguards Against Exploitation


BankSafe is an initiative that empowers financial institutions to protect consumers from financial exploitation and keep retirement savings safe. The average financial exploitation victim loses $120,000-almost the average amount of a 50 year old’s entire retirement savings. So it is not surprising that four out of five older consumers cite fighting exploitation as a motivator in choosing their financial institution. BankSafe has ignited a movement that mobilizes the financial services frontlines to protect Older Americans and their savings-before the money leaves the account.

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