Credit: vladwel/Adobe stock Crisis Management: Safeguards to Protect Against Financial Elder Fraud
A new New Jersey bill "potentially changes the financial institution's right to release financial records from a permissive right to a mandatory obligation," writes Elizabeth Manzo of Lindabury, McCormick, Estabrook & Cooper.
March 19, 2024 at 10:45 AM
8 minute read
Trusts and Estates
In an era where digital transactions are becoming increasingly prevalent, the mechanisms by which financial institutions inform customers of potential fraudulent activities are under scrutiny. Recently proposed revisions seek not only to bolster security measures but also to ensure that customers are promptly and clearly notified, thus minimizing the risk of financial loss.
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