What you need to know
What Senate Bill 278 is about
California Senator Bill Dodd has introduced legislation that would strengthen elder financial abuse protections by clarifying the duties of banks and financial institutions to safeguard against fraud.
Senate Bill 278: Key Points
Senate Bill 278 (SB 278)​
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SB 278 would strengthen elder financial abuse protections.
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SB 278 would clarify that victims of financial elder abuse can continue to hold institutions accountable when they should have known of the fraud but negligently assisted in the transfer anyway.
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California Senator Bill Dodd introduced this legislation and said the bill will motivate financial institutions to "detect predatory practices before victims are robbed of their resources, dignity and quality of life – losses from which they may never recover.”
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Elder rights advocates and Consumer Attorneys of California support SB 278.
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News release from Sen. Dodd's office
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Fact sheet from Consumer Attorneys of California
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Senate Bill 278
CO-SPONSORS
Consumer Attorneys of California
Low-Income Consumer Coalition
Elder Law & Advocacy-San Diego
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SUPPORT
California Elder Justice Coalition
California Advocates for Nursing Home Reform
AARP
California Alliance for Retired Americans
Choice in Aging
Mayor Darrell Steinberg, City of Sacramento
California Health Advocates
National Consumer Law Center
Legal Assistance for Seniors
Legal Assistance to the Elderly
Justice in Aging
CA Senior Legislature
California Long-Term Care Ombudsman Association
Long-term Care Ombudsman Blanca E. Castro
Community Legal Services of East Palo Alto
Institute on Aging
Public Law Center
Public Counsel
La Raza Centro Legal
Bet Tzedek Legal Services
Riverside Legal Aid
Consumers for Auto Reliability and Safety
Disability Rights Advocates
Disability Rights California
Housing and Economic Rights Advocates
Empowered Aging
Meals on Wheels Diablo Valley Region
East Bay Community Law Center
Open Door Legal
Peace Officers Research Association of
California
California District Attorneys Association
Consumer Reports
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Source: www.caog.org