Protecting Seniors from Financial Exploitation: Meet AB 83

By Justice For Our Parents

General Neglect

California's AB 83 – The Elder Financial Abuse Prevention Act is a major step forward in safeguarding older adults from financial harm. Here's what it could do if passed:

• Empowers banks & credit unions to delay or block suspicious transactions if they suspect elder financial abuse—like sudden large withdrawals or unusual fund transfers.
• Authorizes alerting trusted contacts or family members when a senior may be at risk—while maintaining legal privacy protections.
• Represents a shift from reactive to proactive protection, helping prevent devastating losses before they happen.
• Targets statewide transmission of financial exploitation—addressing an issue that costs seniors billions each year.

CA residents: Ask your legislators to support AB 83 and safeguard our seniors from financial predators.

At Justice For Our Parents, we champion legislation like AB 83 that enhances elder protection—and stand with families if abuse occurs. To learn more about our elder abuse attorney services, please click here.

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Sources:

• California Assembly Bill 83 summary & text (legiscan.com, dfpi.ca.gov, legiscan.com)
• Assemblymember Pacheco's summary: "empowers banks to stop suspicious transactions and alert trusted contacts" (a64.asmdc.org)
• Allen Matkins analysis: requirement for elder abuse prevention plans (natlawreview.com)

• Digital Democracy CALMATTERS: https://calmatters.digitaldemocracy.org/bills/ca_202520260ab83