Skip to main content

Search form

Comment to CFPB: The financial exploitation of older Americans

August 20, 2012
Consumer Financial Protection Bureau
Comment Letter

CRL told the CFPB of abusive financial practices against older Americans. More than 13 million older adults live on $21,800 a year or less. Further, the average credit card debt for these consumers is now more than $9,000 – the highest average balance of any group.