,i  #aahth ,,congress  #b;d ,session    
,h4 ,r4 #hibb  ,,in ,,the ,,house ,,of  
,,representatives  ,july #b1 #bjbd,mr4  
,higgins of ,louisiana introduced the   
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to require the ,director of 
the ,bureau of ,consumer ,financial     
,protection to issue a final rule       
requiring any card issuer that issues a 
pre-approved credit card to a senior    
citizen to provide fraud alerts to      
certain individuals1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,janie ,wynn        
,protecting ,elders from ,financial     
,exploitation ,act4  #b4 ,prevention of 
senior citizen financial exploitation   
7a7 ,in general ,not later than #ahj    
days after the date of the enactment of 
this ,act1 the ,director of the ,bureau 
of ,consumer ,financial ,protection1 in 
consultation with the ,secretary of the 
,treasury and the ,director of the      
,financial ,crimes ,enforcement         

,network1 shall issue a final rule      
requiring--  7#a7 any card issuer that  
issues a pre-approved credit card to a  
senior citizen to provide fraud alerts  
for such credit card upon activation    
to-- 7,a7 the cardholder2 and  7,b7     
except as provided in subsection 7b71 an
 individual selected by the cardholder  
who is at least #be years old and-- 7i7 
is a relative or spouse of the          
cardholder2 or  7ii7 has provided a     
description to the card issuer of the   
nature of their relationship with the   
cardholder2 and  7#b7 each depository   
institution and credit union to provide 
training to employees who perform fraud 
detection services on how to identify   
account activity that is indicative of  
financial exploitation of a senior      
citizen and notify any senior citizen   
that possesses an account with the      
depository institution or credit union  
within #bd hours of any such account    
activity occurring in such account1     
including--  7,a7 the irregular use of--

 7i7 an automated teller machine2  7ii7 
a credit card2  7iii7 an online banking 
service2 or  7iv7 a wire transfer2  7,b7
 an irregular cash withdrawal2  7,c7 an 
irregular credit card charge2  7,d7 the 
absence of a regularly occurring        
deposit2  7,e7 account activity in a    
previously inactive account2  7,f7 the  
addition of an authorized user to an    
account2  7,g7 a change of address      
associated with an account2  7,h7 an    
inability to cover a charged payment due
 to insufficient funds in an account2   
7,i7 a request for a credit limit       
increase2  7,j7 a charged payment for   
the purchase of gift cards or prepaid   
debit cards worth over #ajj in total2   
7,k7 an electronic payment from an      
account through the ,automated ,clearing
 ,house network to a recipient with no  
history of prior payment from such      
account2 and  7,l7 a gap in the check   
number of checks cashed from an account4
  7b7 ,exception ,the ,director of the  
,bureau of ,consumer ,financial         

,protection shall include in the rule   
required under subsection 7a7 a waiver  
of the requirements of paragraph        
7#a77;,b7 of such subsection if-- 7#a7  
the cardholder signs a waiver           
acknowledging an increased risk of      
financial exploitation2 and  7#b7 the   
card issuer retains a copy of such      
waiver until at least #e years after the
 date that the pre-approved credit card 
is deactivated4  7c7 ,definitions ,in   
this ,act3  7#a7 ,cardholder2 card      
issuer ,the terms cardholder and card   
issuer have the meanings given such     
terms1 respectively1 in section #ajc of 
the ,truth in ,lending ,act 7#ae        
,u4,s4,c4 #afjb74  7#b7 ,credit union   
,the term credit union means a ,federal 
credit union1 a ,state credit union1 or 
a ,state-chartered credit union 7as such
 terms are defined1 respectively1 in    
section #aja of the ,federal ,credit    
,union ,act 7#ab ,u4,s4,c4 #ageb774     
7#c7 ,depository institution ,the term  
depository institution has the meaning  

given such term in section #c of the    
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahac74  7#d7 ,exploitation2  
senior citizen ,the terms exploitation  
and senior citizen have the meanings    
given such terms1 respectively1 in      
section #cjc of the ,economic ,growth1  
,regulatory ,relief1 and ,consumer      
,protection ,act 7#ab ,u4,s4,c4 #cdbc74 
7#e7 ,fraud alert ,the term fraud alert 
means a notice provided by a card issuer
 to an individual of suspected          
fraudulent activity connected to a      
credit card associated with such        
individual and managed by such card     
issuer that-- 7,a7 is communicated by   
means of a phone call1 email1 or text   
message2  7,b7 describes the suspected  
fraudulent activity in sufficient detail
 to alert the individual of such        
activity1 including account activity    
that is indicative of financial         
exploitation of a senior citizen2 and   
7,c7 includes information on how to     
communicate with the card issuer        

regarding the suspected fraudulent      
activity at any time of the day and on  
any day of the week4  7#f7 ,pre-approved
 credit card ,the term pre-approved     
credit card means a credit card issued  
as a result of the acceptance of an     
offer extended to an individual to apply
 for such credit card based on a        
determination by the card issuer that   
such individual likely satisfied the    
qualifications for obtaining such credit
 card1 including an offer extended to an
 individual to apply for such credit    
card that grants elevated or priority   
consideration for approval to the       
individual4