Janie Wynn Protecting Elders from Financial Exploitation Act

Summary

This proposed bill would direct the CFPB to issue a final rule requiring card issuers to provide fraud alerts on pre-approved credit cards issued to seniors, and requiring depository institutions and credit unions to train fraud-detection employees and notify senior account holders of suspicious activity within 24 hours. It targets financial exploitation of elders and would apply to card issuers, depository institutions, and credit unions, but has no direct mortgage-program impact.