Common use of Agreed Exception to Privacy Restrictions – Fraud or Financial Exploitation Clause in Contracts

Agreed Exception to Privacy Restrictions – Fraud or Financial Exploitation. It is agreed that fraud and financial exploitation are serious matters that can expose both members and the Credit Union to risks and losses. This particularly affects the elderly but can harm anyone. To help combat suspected fraud and financial exploitation it is agreed that the Credit Union may report such suspicions to persons (including but not limited to family members) who we in good faith believe may be able to provide assistance and/or protections. The option to so report is completely voluntary and imposes no obligations on the Credit Union.

Agreed Exception to Privacy Restrictions – Fraud or Financial Exploitation. It is agreed that fraud and financial exploitation are serious matters that can expose both members and the Credit Union to risks and losses. This particularly affects the elderly but can harm anyone. To help combat suspected fraud and financial exploitation exploitation, it is agreed that the Credit Union may report such suspicions to persons (including but not limited to family members) who we are in good faith believe may be able to provide assistance and/or protections. The option to so report is completely voluntary and imposes no obligations on the Credit Union.