Florida Governor DeSantis signed a bill (SB 556) to protect older citizens from financial scams, enabling banks to delay transactions if fraud is suspected.
Florida Governor Ron DeSantis signed a bill (SB 556) to protect older citizens from financial scams, enabling banks to delay transactions if fraud is suspected. Last year, 8,100 Floridians aged 60+ fell victim to scams, causing over $3.4bn in losses nationwide. The law requires banks to notify authorized individuals and trusted contacts, with legal immunity granted for good faith delays in disbursement.
May 29, 2024
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