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LAWSUITS NEWS & LEGAL INFORMATION

Illinois Governor Signs Bill to Protect against Financial Elder Abuse

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Chicago, ILIllinois Governor Pat Quinn recently signed a bill into law to protect senior citizens from financial elder abuse.

The new law will require financial institutions across the state to be more vigilant and proactive when it comes to identifying and reporting those who take advantage of senior citizens.

Senate Bill 3267 will require that the Illinois Department of Aging and the Illinois Department of Financial and Professional Regulation determine standards for the training of employees at financial institutions to help them identify exploitation of the elderly.

"It is important to have measures in place to better recognize when someone is taking unfair advantage of a senior for their own personal gain," said Quinn. "This new law provides an extra safety net to help prevent this type of elder abuse."

Warning signs of financial elder abuse may include sudden and drastic changes in bank accounts, unauthorized use of credit or ATM cards and unexpected amendments to wills and other end-of-life documents.

In the fiscal year 2009, Illinois received about 6,200 reports of financial elder abuse.

READ ABOUT FINANCIAL ELDER ABUSE LAWSUITS

Financial Elder Abuse Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a financial lawyer who may evaluate your Financial Elder Abuse claim at no cost or obligation.

READER COMMENTS

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Thank you Gov. Pat Quinn, for signing this bill that has ruined our family beyond belief, financially and emotionally. My mother after finally dealing with civil court systems and almost finally putting to rest the wrongful accusation of her financially exploiting an elderly person, we are now about to begin this same accusation through criminal courts. I can't wait to have my mother continue having suicidal thoughts and me having to deal with it everyday of my young life. You have successfully made our family non-believers in the "justice system" and officially disgusted with the way it all works.

Sincerely, helpless UIC college student that would have loved to try for UIC's college of pharmacy but now have to make use of my prestigious bachelor's degree in biology.

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