FBI Reveals a 59% Surge in Senior Fraud Losses: Can This New Bill in Congress Help Seniors Fight Back?
The House has passed a bill meant to protect older Americans from losing money to fraudsters. Here's how it would work.
Overview
By passing the Financial Exploitation Prevention Act (H.R. 2478), the U.S. House of Representatives is fighting back against the 59% increase in senior fraud losses reported by the FBI. As of July 30, the bill has moved to the Senate, where it awaits action.
According to the FBI's 2025 Internet Crime Complaint Center report, Americans aged 60 and older reported $7.748 billion in losses in 2025 -- far more than any other age group -- with an average loss per victim of $38,000.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.