Which action can help members recover from elder abuse?

Prepare for the CUNA Financial Counselor Exam. Use flashcards and multiple choice questions to study, with hints and explanations included. Ace your exam with thorough preparation!

Having new accounts, debit and credit cards issued is a proactive step that can assist members in recovering from elder abuse. This action helps to safeguard their finances and diminish the risk of further exploitation. By closing compromised accounts and creating new ones, members can prevent abusers from accessing their funds and potentially protect themselves from ongoing financial harm. Issuing new debit and credit cards can also enhance security by providing them with fresh financial tools that have not been tainted by past abuse.

This approach also serves to instill a sense of control back into the lives of victims, as they can start fresh with their finances. It is crucial to create a safe financial environment where the member feels secure and supported as they navigate their recovery.

In contrast, advising members to ignore the situation could leave them vulnerable to continued abuse, while regularly monitoring their online purchases may not be sufficient on its own to address the underlying issues of financial abuse. Encouraging investment in high-risk stocks would not be an appropriate response to elder abuse, as it could expose them to further financial jeopardy, rather than support their recovery.

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