Preventing and combating elder financial fraud in Colorado by uniting diverse stakeholders to evaluate and develop practical solutions.
The 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, elder advocacy groups, and non-profit organizations throughout the state of Colorado. The 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.
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.
Background
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.
The Colorado Older Adults Financial Justice Coalition is housed at the University of Denver‘s (DU) Knoebel Institute for Healthy Aging (KIHA), 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 coordinate the development and expansion of the coalition focused on reducing financial fraud and exploitation among older adults in Colorado.
Learn more about the Colorado Older Adults Financial Justice Coalition