Mark D. Obenshain

Law would protect elderly against financial crimes

Law would protect elderly against financial crimes

RICHMOND — With bipartisan support, legislation headed toward approval in the General Assembly may help protect elderly residents and other vulnerable adults against financial exploitation by giving financial institutions more tools to help prevent this crime.

Both the House and Senate have passed versions of SB 1490, but the two chambers must resolve their differences over the measure. “This bill addresses the issue of financial exploitation of older Virginians, which has been on the rise in recent years,” said the sponsor, Sen. Mark Obenshain, R-Rockingham.

Del. David Toscano,...

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