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February 28, 2019

The Consumer Financial Protection Bureau ("CFPB") reported that the number of Suspicious Activity Reports ("SARs") on elder financial exploitation ("EFE") significantly increased between 2013 and 2017. According to the report, the number of SARs filings as to EFE reached 63,500 in 2017. The CFPB stated that this number represents only a "tiny fraction of the incidents of exploitation." The CFPB also indicated that less than one-third of the SARs filers reported potential exploitation to the authorities. Much of the report reviews statistical data as to the content of the SARs filings regarding