Nation’s largest senior group says “this legislation protects individuals at financial institutions who disclose suspected financial exploitation of senior citizens to appropriate agencies, and requires the financial institution to provide training on identifying and handling of potential exploitation.”
As the Senate Co-Chair of the Congressional Alzheimer’s Task Force, the Senator is particularly committed to putting an end to Alzheimer’s disease, which has had such a devastating effect on 5.2 million Americans and their families.
To visit the Senate Special Committee on Aging’s website, click here.
Wednesday, February 1, 2:30 PM, Dirksen Room 562
Washington, D.C. — U.S. Senators Susan Collins and Bob Casey, the Chairman and Ranking Member of the Senate Aging Committee, will hold a hearing on Wednesday, February 1, 2017, at 2:30 pm, in SD-562, titled, “Stopping Senior Scams: Developments in Financial Fraud Affecting Seniors.”
Washington, D.C. — U.S. Senator Susan Collins, Chairman of the Senate Aging Committee, is warning of an increasing number of calls to the committee’s Fraud Hotline reporting of a persistent phone scam that targets grandparents.
Through this so-called “Grandparent Scam,” of which there are multiple variations, scammers typically call an older adult pretending to be a family member, often a grandchild. The con artist claims to be in urgent need of money to cover medical care or a legal problem, such as for bail or legal services following a supposed arrest.
Washington, D.C. — Senators Susan Collins and Claire McCaskill, the Chairman and former Ranking Member of the Senate Aging Committee, today introduced the bipartisan “Senior$afe Act of 2017.” This bipartisan legislation would put in place a commonsense plan to help protect American seniors from financial exploitation and fraud by providing support to regulators, financial institutions, and legal organizations to educate their employees about how to identify and prevent financial exploitation of older Americans.
Schemes targeting seniors include fraudulent investment plans, prizes and sweepstakes, internet fraud, charity scams, predatory home lenders, telemarketing and mail fraud, accessing assets through undue influence, using fraudulent legal documents, and Ponzi schemes
Washington, D.C. — Today, U.S. Senators Susan Collins and Bob Casey, Chairman and Ranking Member of the Senate Aging Committee, applauded the Federal Trade Commission and the United States Department of Justice’s announcement of a settlement with Western Union in which the company admits to criminal anti-money laundering violations that have negatively and disproportionately affected aging Americans.
Washington, D.C. — U.S. Senators Susan Collins (R-ME) and Amy Klobuchar (D-MN) today introduced bipartisan legislation to crack down on fraud targeted at seniors. Schemes targeting seniors include fraudulent investment plans, prizes, and sweepstakes, internet fraud, charity scams, predatory home lenders, telemarketing and mail fraud, accessing assets through undue influence, using fraudulent legal documents, and Ponzi schemes.
Earlier this year, an attorney in Belfast was sentenced to 30 months in prison for bilking two elderly female clients out of nearly a half a million dollars over the course of several years.
Hearing scheduled for Wednesday, November 30th, at 2:30 p.m. in Dirksen 562
Click HERE to watch live
Washington, D.C. — U.S. Senator Susan Collins, the Chairman of the Senate Aging Committee, is warning seniors of a new phishing scam. Through this scam, of which there are multiple variations, con artists send a text message that appears to have been sent from a well-known financial institution – such as a bank or a mortgage company – alerting potential victims of “suspicious activity” on their accounts and directing them to contact the bank.
Washington, D.C. — U.S. Senators Susan Collins and Angus King released the following statement today on the recent announcement that the Securities and Exchange Commission (SEC) has decided to not pursue a proposed rule at this time that would have required individuals to opt in to receive mutual fund information in paper form. Senators Collins and King have strongly advocated to keep paper as the default delivery method for financial disclosures.
September 22, 2016, marked the first day of the fall season, a time to enjoy Maine’s beautiful foliage and crisp weather. It also was National Falls Prevention Day, a time to better educate seniors, families, and caregivers – as well as government and civic organizations – about the practices, programs, and policies that can be taken to reduce the risk of falls.
Improvements will make it easier for small businesses to offer retirement plans, help address nation’s $7.7 trillion retirement savings gap
When employees have access to retirement plans, approximately 80 percent contribute
Washington, D.C. — U.S. Senators Susan Collins (R-ME) and Ben Cardin (D-MD) introduced a Senate resolution celebrating "National Direct Support Professionals Recognition Week.” The resolution recognizes the hard work of direct support professionals during the week of September 12th.
Washington, D.C. — U.S. Senators Susan Collins and Claire McCaskill, who together lead the Senate Aging Committee, today requested additional information from the government concerning the recently announced settlement with Wells Fargo, and whether it disproportionately affected America’s seniors. The Consumer Financial Protection Bureau (CFPB) recently determined that Wells Fargo employees had illegally opened millions of accounts that consumers had never requested in order to boost individual performance goals and bonuses.
A few weeks ago, Westbrook resident Cathy Wiles called my Portland Constituent Service Center to alert me to a new Social Security Administration (SSA) policy that could have prevented seniors from accessing their online “my Social Security” accounts. The change, which was scheduled to take effect on August 1st, would have made text messaging the only means of verifying individuals’ identities and guaranteeing access to their accounts online.
WASHINGTON, D.C.— In response to the skyrocketing price of EpiPen® and news reports that this price increase is limiting patient access to this life saving anecdote for allergic reactions, U.S. Senators Susan Collins and Claire McCaskill, the Chairman and Ranking Member of the Senate Aging Committee, sent a letter to Heather Bresch, the CEO of Mylan, to request answers and information about the company's drastic price increase of EpiPen® by 480% since 2008.
Washington, D.C.—U.S. Senators Susan Collins and Claire McCaskill, the Chairman and Ranking Member of the Senate Aging Committee, sent a letter to the Social Security Administration (SSA) today urging immediate action to ensure all seniors have safe and speedy access to their Social Security accounts.
BANGOR, Maine – U.S. Senator Susan Collins and Congressman Bruce Poliquin spoke in Bangor today about the Senior $afe Act, legislation authored by Senator Collins that would implement innovative financial protections for seniors in Maine and across the country. Representative Poliquin introduced a companion bill in the House. The event, held at Bangor Savings Bank G.
WASHINGTON – Following efforts from U.S. Senators Susan Collins and Claire McCaskill, the Chairman and Ranking Member of the Senate Aging Committee, seniors will once again be able to access their Social Security accounts online without needing to have a cell phone. Senators Collins and McCaskill sent a letter to the Social Security Administration (SSA) last week urging immediate action to roll back a new policy that required text message authentication for seniors to access their “my Social Security” account online.
WASHINGTON, D.C. – U.S. Senators Susan Collins (R-ME), Debbie Stabenow (D-MI), Edward J. Markey (D-MA), and Shelley Moore Capito (R-WV) today announced that the Centers for Medicare & Medicaid Services has proposed covering new care planning sessions under Medicare for Alzheimer’s patients and their families to provide an early assessment of the disease and possible treatment options.
For most Americans, tax season ends on April 15. For the con artists operating the pernicious IRS impersonation scam, cheating honest taxpayers is a year-round job.
In this scam, fraudsters telephone victims, impersonate an IRS agent, and demand payment for allegedly unpaid taxes. The callers frequently threaten victims with arrest, foreclosure, or other adverse legal action. Scammers often instruct their victims to pay using a money wire or prepaid debit card.
“The goal is not a good death. Instead, the goal is to have as good a life as possible all the way to the very end.” That was the message Dr. Atul Gawande, surgeon and author of the New York Times best-selling book, Being Mortal, delivered at a recent Senate Aging Committee hearing that I chaired. Our hearing explored ways to not only expand, but also to improve, the care provided to the approximately 90 million Americans who are living with a serious, often life threatening, illness.
Washington, D.C. – U.S. Senators Susan Collins (R-ME) and Amy Klobuchar (D-MN) have introduced legislation to expand training and support services for families and caregivers of patients with Alzheimer’s disease and related dementias. More than five million Americans are currently living with Alzheimer’s disease, and by 2050 that number is expected to grow to 14 million.