FINRA, AARP, CFP Board Call for Faster Account Freezes As Senior Fraud Losses Surge

Financial fraud targeting older American consumers has accelerated in recent years, with losses reportedly eclipsing $15 billion in 2025. Key financial planning industry associations (CFP Board, AARP, and FINRA) join forces to call for enhanced protective measures during a Senate Special Committee on Aging hearing, with CFP® professional Scott Kahan representing CFP Board in live testimony.

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