Under this proposal, bankers can delay a transaction by five days if they believe their customer is a victim of elder financial abuse. Recommendations from the WBA and its members are being used in this proposal by Sen. Pat Testin and Rep. John Macco

The bill was unveiled during a press conference last week. WBA’s Rose Oswald Poels spoke on behalf of the banking industry at the event. Other participants included Heather Bruemmer, Wisconsin Board on Aging and Long Term Care; Helen Marks-Dicks, AARP; Audra Martine, La Crosse County Human Services Department; and Chief Melvin Pederson, Town of Grand Rapids Police Department.

Need more info? Check out this column by Sen. Testin as well as his video interview of Rose. Thanks go out to the many bankers and WBA staff who have worked on this.