Requires, or sanctions, as appropriate, financial institutions to take certain action when senior or vulnerable customers make certain financial transactions.

Summary

The bill obligates financial institutions to pause a transaction when they suspect it could exploit a senior (60+) or vulnerable (18+ with disability or limited capacity) customer. It also allows them to release account records to law enforcement or adult protective services if fraud is suspected. The goal is to give banks tools to stop scams that target older or at‑risk adults.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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