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Banks and other financial institutions may be held civilly liable for "assisting" elder fraud in California if they process suspicious transactions for senior citizens under a bill up for consideration in the state's Assembly on Monday. If ultimately adopted as expected, the legislation, SB 278, which overwhelmingly passed the state's Senate in May, could serve as a model for other states looking to enlist financial institutions into the fight against financial exploitation of the elderly, which, according to the FBI, cost 92,000 victims in the U.S. nearly $1.7 billion in losses in 2021. Similar measures may be taken up in...