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Wednesday, 04/03/24
11:00 AM
Welcome and Introduction Remarks
Austan Goolsbee, President and CEO, Federal Reserve Bank of Chicago
11:05 AM
High Level introduction to EFE and Our related Work
Bhash Mazumder, Senior Economist and Economic Advisor, Federal Reserve Bank of Chicago
11:20 AM
Ongoing and Deeper Research on EFE
Marti DeLiema, Assistant Professor, University of Minnesota, School of Social Work
11:35 AM
Panel Discussion
Leslie McGranahan, Senior Vice President, Regional Analysis, Community Development, Federal Reserve Bank of Chicago
Andrew Hartnett, First Deputy Insurance Commissioner, Iowa Insurance Division
Sam Kunjukunju, Vice President, Bank Community Engagement, American Bankers Association
Peter Lichtenberg, Director, Institute of Gerontology and Distinguished University Service Professor of Psychology, Wayne State University
Deborah Royster, Assistant Director, Office for Older Americans, Consumer Financial Protection Bureau
12:20 PM
Moderated Q&A
12:28 PM
Closing Remarks

Preventing Elder Financial Exploitation: Research, Policies, and Strategies

Financial exploitation of older individuals through fraud and scams is a growing threat, and preventing such exploitation is important to maintaining elders’ economic health. The Federal Reserve Bank of Chicago hosted Preventing Elder Financial Exploitation: Research, Policies, and Strategies, a virtual event in which experts talked about their research, policy, advocacy, and collaboration concerning this vital topic. As a trusted convener, the Federal Reserve Bank of Chicago seeks to elevate discourse on topics such as elder financial exploitation.

The webinar took place on Wednesday, April 3, 2024, from 11:00 am to 12:30 pm CT (12:00 pm to 1:30 pm ET). Austan Goolsbee, the Chicago Fed president, began the virtual event with an address. President Goolsbee’s remarks were followed by discussion of research on the topic by Bhash Mazumder, senior economist and economic advisor at the Federal Reserve Bank of Chicago, and Marti DeLiema, professor at the University of Minnesota School of Social Work. The event also included a panel of experts who discussed local factors and policies surrounding elder financial exploitation in the Midwest and nationwide.

For more about the event, please see the recap and this preview article in Chicago Fed Insights or President Goolsbee's remarks.

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