protect financial institutions taking action to prevent the financial exploitation of consenting, senior, or vulnerable adults.

Summary

The bill lets financial institutions delay, refuse, or modify account actions when they reasonably believe a senior, vulnerable, or consenting adult is being financially exploited. It defines who qualifies as a senior or vulnerable adult, what counts as exploitation, and outlines limited time frames for these protective actions. The measure aims to give banks a legal shield while protecting at‑risk adults from fraud or abuse.

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

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