Will the bill prevent seniors from accessing their bank accounts for legitimate expenses?
So she did – in seven separate in-person transactions at her local bank over three weeks. Her life savings disappeared, along with the man who scammed her. For a time, she said she contemplated suicide. But then she got angry – at her bank.this week. “And they did not even contact my daughter, who is the joint account holder on the account.
“As the bill exists now, it seems to me we run the risk of more conflict between seniors and their financial institutions than we do limiting elder abuse,”“I want you to know you don’t look a day over 90,” said Niello, who is 76 and the third-oldest member of the Legislature. State Sen. Bill Dodd speaks during the first day of session at the state Capitol in Sacramento on Jan. 3, 2024. Photo by Fred Greaves for CalMatters
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