Goals of the FSC:
- Recommend a comprehensive statewide strategy to ensure maximum consumer protection for older Coloradans.
- Act as a hub for collaboation among state and local government efforts and non-profit organizations that serve older Coloradans.
- Integrate best national practices to inform Colorado, build broad partnerships with an equitable lens, and strategize campaigns and efforts across the state.
- Serve in an advisory role to the Attorney General’s Statewide Financial Literacy Initiative, the Governor, and the Treasurer on issues including but not limited to financial security for older adults.
Why is the FSC needed?
It is estimated that money and property losses to older Coloradans was nearly $22.2 million in FY2017-2018, and this data only reflects the cases that were substantiated. We know reporting significantly under-represents how pervasive and impactful financial exploitation is for older Coloradans. Therefore, we need to collaborate together to protect the older adults of our state.
Where did the idea for the FSC come from?
At the first Colorado State Agency Round Table on Aging, several government agencies and other stakeholders that work to protect older adults collaborated in a powerful session that highlighted numerous gaps in financial security, as well as generated ideas to fill those gaps. One of those ideas, with the help of the Strategic Action Planning Group on Aging, recommended a Task Force (now coalition) be chaired by the Attorney General, the Governor, and later the State Treasurer, with State Agencies involved to focus on closing the gaps in financial security for older Coloradans.
Who participates in the FSC?
The coalition will function as a way to bring together government agencies and other stakeholders in the arena of financial literacy, financial security, consumer protection, and elder abuse.
How often does the FSC meet?
Meeting occurrences are determined by workgroup. The Coalition meets as a whole once a month, whether in-person or via phone.
Colorado Attorney General’s Office
Colorado Financial Security Coalition Chair: Lena Fishman