The American Bankers Association (ABA) has renewed and expanded its alliance with the Senior Housing Crime Prevention Foundation (SHCPF), a national organization whose mission is to provide safe and secure living environments for our nation’s senior housing residents, through the operation of the nationally-acclaimed Senior Crimestoppers program.

The foundation serves as a conduit for banks to use to fulfill their federally mandated Community Reinvest Act (CRA) requirements. All of the federal banking regulatory agencies support the SHCPF and grant CRA credit in a consistent manner for participating banks.

Funded exclusively by banks, the Senior Crimestoppers program supports safe and secure living environments for older Americans and Veterans. The program includes a toll-free tip line that is manned 24/7 to accept anonymous tips of information of wrongdoing and pay cash rewards up to $1,000 on each incident reported. Also provided is on-going training for staff and residents, signage to be placed throughout the facility, including the exterior and the parking lot, and a personal lockbox to be installed in the room of each resident.

"The ABA and the industry are committed to protecting seniors from all types of financial crimes," Frank Keating, ABA president and CEO, said in a statement. "We are pleased to support a foundation that provides more than 104,000 older men and women with security and protection."