#SouthCarolinaAdults
A new bill aims to empower banks to pause transactions and protect adults aged 55 and older from fraud, introducing a "trusted contacts" system alongside immunity for good faith actions.

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#SC #ElderSafety #CitizenPortal #FinancialLiteracy #SouthCarolinaAdults #FraudProtection
Panel advances bill to let banks pause suspected scam transfers and record 'trusted contacts' for residents 55 and older
The Banking & Insurance Subcommittee voted to send H.5162 to the full committee after testimony from bankers, credit unions and the Department of Consumer Affairs; the bill would extend permissive transaction holds and a voluntary "trusted contacts" form to adults 55 and older and include an immunity provision for good‑faith actions by financial institutions.
citizenportal.ai
February 24, 2026 at 8:03 AM