,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hibb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #b1 #bjbd,mr4   
,higg9s ( ,l\isiana introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
require ! ,director ( ! ,bureau (       
,consum] ,f9ancial ,protection to issue 
a f9al rule requir+ any c>d issu] t     
issues a pre-approv$ cr$it c>d to a     
s5ior citiz5 to provide fraud al]ts to  
c]ta9 individuals1 & = o!r purposes4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,janie ,wynn ,protect+ ,eld]s f       
,f9ancial ,exploitation ,act4  #b4      
,prev5tion ( s5ior citiz5 f9ancial      
exploitation  7a7 ,9 g5]al ,n lat] ?an  
#ahj days aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,director ( ! ,bureau (        
,consum] ,f9ancial ,protection1 9       
consultation ) ! ,secret>y ( ! ,treasury
 & ! ,director ( ! ,f9ancial ,crimes    
,en=cem5t ,network1 %all issue a f9al   
rule requir+--  7#a7 any c>d issu] t    
issues a pre-approv$ cr$it c>d to a     

s5ior citiz5 to provide fraud al]ts =   
su* cr$it c>d ^u activation to-- 7,a7 ! 
c>dhold]2 &  7,b7 except z provid$ 9    
subsection 7b71 an individual select$ by
 ! c>dhold] :o is at lea/ #be ye>s old  
&-- 7i7 is a relative or sp\se ( !      
c>dhold]2 or  7ii7 has provid$ a        
description to ! c>d issu] ( ! nature ( 
_! relation%ip ) ! c>dhold]2 &  7#b7 ea*
 depository in/itution & cr$it union to 
provide tra9+ to employees :o p]=m fraud
 detection s]vices on h[ to id5tify     
acc\nt activity t is indicative (       
f9ancial exploitation ( a s5ior citiz5 &
 notify any s5ior citiz5 t possesses an 
acc\nt ) ! depository in/itution or     
cr$it union )9 #bd h\rs ( any su* acc\nt
 activity occurr+ 9 su* acc\nt1         
includ+--  7,a7 ! irregul> use (-- 7i7  
an automat$ tell] ma*9e2  7ii7 a cr$it  
c>d2  7iii7 an onl9e bank+ s]vice2 or   
7iv7 a wire transf]2  7,b7 an irregul>  
ca% )drawal2  7,c7 an irregul> cr$it c>d
 *>ge2  7,d7 ! abs5ce ( a regul>ly      
occurr+ deposit2  7,e7 acc\nt activity 9

 a previ\sly inactive acc\nt2  7,f7 !   
addition ( an au?oriz$ us] to an acc\nt2
  7,g7 a *ange ( address associat$ ) an 
acc\nt2  7,h7 an inability to cov] a    
*>g$ paym5t due to insuffici5t funds 9  
an acc\nt2  7,i7 a reque/ = a cr$it     
limit increase2  7,j7 a *>g$ paym5t = ! 
pur*ase ( gift c>ds or prepaid debit    
c>ds wor? ov] #ajj 9 total2  7,k7 an    
electronic paym5t f an acc\nt ?r\gh !   
,automat$ ,cle>+ ,h\se network to a     
recipi5t ) no hi/ory ( prior paym5t f   
su* acc\nt2 &  7,l7 a gap 9 ! *eck numb]
 ( *ecks ca%$ f an acc\nt4  7b7         
,exception ,! ,director ( ! ,bureau (   
,consum] ,f9ancial ,protection %all     
include 9 ! rule requir$ "u subsection  
7a7 a waiv] ( ! requirem5ts ( p>agraph  
7#a77;,b7 ( su* subsection if-- 7#a7 !  
c>dhold] signs a waiv] ackn[l$g+ an     
increas$ risk ( f9ancial exploitation2 &
  7#b7 ! c>d issu] reta9s a copy ( su*  
waiv] until at lea/ #e ye>s aft] ! date 
t ! pre-approv$ cr$it c>d is deactivat$4
  7c7 ,def9itions ,9 ?is ,act3  7#a7    

,c>dhold]2 c>d issu] ,! t]ms c>dhold] & 
c>d issu] h ! mean+s giv5 su* t]ms1     
respectively1 9 section #ajc ( ! ,tru? 9
 ,l5d+ ,act 7#ae ,u4,s4,c4 #afjb74  7#b7
 ,cr$it union ,! t]m cr$it union means a
 ,f$]al cr$it union1 a ,/ate cr$it      
union1 or a ,/ate-*>t]$ cr$it union 7z  
su* t]ms are def9$1 respectively1 9     
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb774  7#c7      
,depository in/itution ,! t]m depository
 in/itution has ! mean+ giv5 su* t]m 9  
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7#d7 ,exploitation2 s5ior citiz5 ,! t]ms
 exploitation & s5ior citiz5 h ! mean+s 
giv5 su* t]ms1 respectively1 9 section  
#cjc ( ! ,economic ,gr[?1 ,regulatory   
,relief1 & ,consum] ,protection ,act    
7#ab ,u4,s4,c4 #cdbc74  7#e7 ,fraud al]t
 ,! t]m fraud al]t means a notice       
provid$ by a c>d issu] to an individual 
( suspect$ fraudul5t activity connect$  
to a cr$it c>d associat$ ) su*          
individual & manag$ by su* c>d issu] t--

 7,a7 is communicat$ by means ( a phone 
call1 email1 or text message2  7,b7     
describes ! suspect$ fraudul5t activity 
9 suffici5t detail to al]t ! individual 
( su* activity1 includ+ acc\nt activity 
t is indicative ( f9ancial exploitation 
( a s5ior citiz52 &  7,c7 includes      
in=mation on h[ to communicate ) ! c>d  
issu] reg>d+ ! suspect$ fraudul5t       
activity at any "t ( ! day & on any day 
( ! week4  7#f7 ,pre-approv$ cr$it c>d  
,! t]m pre-approv$ cr$it c>d means a    
cr$it c>d issu$ z a result ( !          
acceptance ( an (f] ext5d$ to an        
individual to apply = su* cr$it c>d bas$
 on a det]m9ation by ! c>d issu] t su*  
individual likely satisfi$ !            
qualifications = obta9+ su* cr$it c>d1  
includ+ an (f] ext5d$ to an individual  
to apply = su* cr$it c>d t grants       
elevat$ or priority consid]ation =      
approval to ! individual4