Preventing and combating elder financial fraud in Colorado by uniting diverse stakeholders to evaluate and develop practical solutions.
The Paul Freeman Financial Security Program (PFFSP) at the University of Denver‘s (DU) Knoebel Institute for Healthy Aging (KIHA), led by Dr. Eric Chess, received support from the National Center for State and Tribal Elder Justice Coalitions at Lifespan (the Center), to establish a new Elder Financial Justice Coalition in Colorado beginning September 1st, 2023. The team at KIHA will coordinate the development and expansion of the coalition focused on reducing financial fraud and exploitation among older adults in Colorado.
In March of 2023, many elder justice professionals attended the Colorado Older Adult Financial Justice Symposium, bringing together community partners from across Colorado. The symposium, which was supported by the Consumer Financial Protection Bureau (CFPB), was designed to encourage dialogue and engage thought leaders to identify challenges and opportunities in combatting financial exploitation and fraud of older adults. Outcomes from the symposium were used as a guide for collaborators, who have worked behind the scenes to roll out the coalition.
It is well known that Colorado has a strong contingent of experts working on financial fraud and exploitation of older adults, and this work aims to bring key players together to decrease inefficiency and redundancy and to develop and disseminate impactful solutions through the collaboration of numerous interdisciplinary agencies, organizations, and institutions. The Coalition is dedicated to advancing both prevention and intervention strategies through collaborative, actionable efforts.
A United Front Against Elder Financial Fraud
The newly formed Colorado Older Adults Financial Justice Coalition unites local and state agencies from diverse fields, including law enforcement, human and adult protective services, financial regulation, the financial services industry, and elder advocacy groups. This coalition aims to address the complex issue of financial fraud targeting older adults by evaluating the problem and developing practical prevention strategies. By bringing together a multidisciplinary group of dedicated stakeholders, the Coalition underscores its commitment to combating elder financial fraud and abuse through prevention and intervention efforts.
Get involved in the Coalition
- Be involved with the development of the Financial Empowerment Intervention.
- Complete the Coalition Needs Assessment.
- Join a coalition forum for your specific discipline.
- Meet with our team one on one.
- Share your ideas for future policy and legislation, and best practices.
- Stay in touch, and keep us updated.
- Work with us to build a community-based presentation.
- Work with us to build a state-wide training for professionals.
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