What You Need To Know About the Financial Exploitation Prevention Act (FEPA)
The MBA was a member of the Attorney General Elder Abuse Task Force, Financial Exploitation subcommittee. This subcommittee worked for over 18 months to draft the FEPA which was passed in December 2020 (PA 344 of 2020) with an effective date of September 26, 2021. We will continue to update this webpage as more information is attained. We will also post these changes in the weekly MBA Bank Beat.
View more information on the Public Act website here.
View the Summary of the Act.
Read the draft policy from a community bank.
View the Attorney General Task Force documents - Financial Institutions Best Practices Guide; Central Dispatch Non-Emergency Number by County.
The Elder Abuse Brochure is available at no cost for you to place in your bank lobbies. You may email Debbie Mitin with your request. Please be sure to send an address, and the number of brochures requested, not a PO Box per the attorney general office's request.
For more information pertaining to the Financial Prevention Act, contact Debbie Mitin, AVP, Trust Services at firstname.lastname@example.org.
Financial Prevention Act - Protecting Seniors Webinar Series (click on titles below to access slides)
Contact us to purchase the recordings.
Financial Exploitation Prevention Act
Kelly Walters, Chief Risk Officer, General Counsel, First State Bank
Identifying Financial Exploitation
Katharyn Barron, Attorney General’s Office, State of Michigan
Practical Resources Bankers Can Access to Stem Elder Financial Exploitation
Cindy Liebes, Cybercrime Support Network; Sam Kunjukunju, Senior Director, Bank Community Engagement, American Bankers Association
Federal Elder Justice Initiative
Mitra Jafary-Hariri, Assistant United States Attorney and Elder Justice Coordinator for the Eastern District of Michigan; Special Agent Bryan Drake, FBI
Money $afety for Seniors
Ben Joergens | FINANCIAL EMPOWERMENT DIR, VP, Old National Bank
DIFS Office of Banking Update
David Merchant, Assistant Director – Office of Banking, Michigan Department of Insurance and Financial Services
Cynthia Farrell, program manager for the Michigan Department of Health and Human Services' (MDHHS) Supportive Adult Services Section and Kris Lamblin, APS Policy Specialist
Access the Webinar
The Department of Justice is striving to combat financial crimes against older Americans. Learn about prevalent financial scams so you can guard against them, and get involved in making your community safer. If you need help, there is a Elder Abuse Resource Roadmap that can guide you to the right agency for your particular situation.
View the Banker Hall of Fame