Financial institutions; reporting financial exploitation of elderly or vulnerable adults.

Financial institutions; reporting financial exploitation of senior citizens. Requires each financial institution with more than 20 employees to conduct a training to instruct the employees and officers of such financial institution on how to identify and report the suspected financial exploitation of a senior citizen, as defined in the bill, internally at such financial institution, to a designated trusted contact, as defined in the bill, and to the Federal Bureau of Investigation (FBI), the Department of Aging and Rehabilitative Services, and local law-enforcement authorities. The bill permits financial institutions with fewer than 20 employees to opt to provide such training in accordance with the bill's provisions. The bill requires an employee or officer of a financial institution who has received such training and reasonably believes that the financial exploitation of a senior citizen has occurred to promptly report such suspected financial exploitation to the FBI, the Department, and local law-enforcement authorities and permits such employee or officer to report such financial exploitation to any designated trusted contact unless such employee or officer reasonably believes that such trusted contact is involved in financial exploitation or other abuse of such senior citizen. The bill provides that no employees or officers who have received training pursuant to the bill's provisions shall be liable for disclosures pursuant to the bill's provisions if such disclosure was made in good faith and with reasonable care. The bill states that no financial institution that has provided training pursuant to the bill's provisions shall be liable for disclosures made by employees or officers of such financial institution pursuant to the bill's provisions.