The California legislature has approved a new bill strengthening elder fraud protection. Written by North Bay State Senator Bill Dodd, SB 278 would strengthen elder and dependent adult financial abuse protections by clarifying the duties of banks and financial institutions to safeguard against fraud. The bill allows victims of financial elder abuse to hold institutions accountable when they should have known of the fraud but negligently assisted in the transfer anyway. The bill heads to Governor Gavin Newsom for his signature.
Elder Fraud Protection Bill Heads Governor Newsom for Signature
