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In our previous entry, we discussed how elders are often the targets of financial fraud. But is there a typical source dealing out these harsh crimes? In truth, these acts can come from a range of sources.
Another disappointing possible contributor to this type of fraud are financial professionals. Having an office and a company behind them doesn’t always mean their actions are on the up and up. It boils down to ethics here. Like in the first example, there is a bit of both social and business ethics that are expected to be upheld. But again, this isn’t always the case.
But, it may not always be a family member or financial institution that takes advantage of elders. There are a number of caregiving services carried out by third parties also expected to operate in good faith. But even those who are being paid to do so might get greedy if their ethics are flexible.
These are just the start of your options when it comes to opening a savings account. FitnessBank is committed to providing you with all pertinent information to keep you informed and in the clear. Have more questions? Speak with one of our lenders today.
FitnessBank is a division of Affinity Bank. FitnessBank and Affinity Bank are the same entity for the purpose of calculating FDIC insurance limits and deposits. Effective September 15, 2023, the Bank converted from a federal savings association to a national bank, and as a result, the Company became a bank holding company instead of a savings and loan holding company. FitnessBank is not responsible for and has no control over the subject matter, content, information, or graphics of the websites that have links here. Please contact us with any concerns or comments. ©2022-2023 All Rights Reserved.