In April 2016, the 109th Tennessee General Assembly passed Senate Joint Resolution 678. SJR 678 directs the Tennessee Commission on Aging and Disability to conduct a study of financial exploitation of vulnerable adults relative to personal financial transactions within banks and other financial organizations. SJR 678 directs the Tennessee Commission on Aging and Disability to work with the Tennessee Credit Union League, the Tennessee Bankers Association, and other appropriate organizations to develop a list of recommended changes to current Tennessee law that would assist financial institutions in protecting consumers from fraudulent and other questionable transactions. As a part of this study the TCAD was also directed to hold community meetings in each grand division of the State, allowing members of the financial community to have the opportunity to voice concerns relative to financial exploitation of vulnerable adults.
The Tennessee Commission on Aging and Disability, the Tennessee Credit Union League, and the Tennessee Bankers Association will host a series of meetings to discuss ideas and recommendations from you regarding changes that may be made to current TN law that would help in protecting our most vulnerable citizens. If you are unable to attend the scheduled meeting in your area, please send a representative from your credit union. This is a problem that many of you experience far too often, please join us and be a part of the solution.
For additional information, and to assist you in developing your recommendations, please see the Elder Financial Exploitation Summary.
The schedule including date and location is listed below. All meetings will start at 10:00 a.m. local time.
August 15 – The Chattanoogan: 1201 Broad Street Chattanooga, TN 37401
August 16 – Manchester/Coffee County Conference Center: 147 Hospitality Blvd. Manchester, TN 37355
August 17 – Tennessee Bankers Association, Barrett Training Center: 211 Athens Way #100 Nashville, TN 37228
August 18 – Jackson Country Club: 31 Jackson Country Club Drive Jackson, TN 38305
August 19 – Memphis Country Club: 600 Goodwyn Street Memphis, TN 38111
August 24 – MeadowView Conference Center: 1901 MeadowView Pkwy. Kingsport, TN 38111
August 25 – Knoxville Marriott: 501 E. Hill Avenue Knoxville, TN 37915