Mary Jo Kilroy: “My heart goes out to those seniors who have been abused by predatory lenders, by predatory practices, by scam artists…”

“My heart goes out to those seniors who have been abused by predatory lenders, by predatory practices, by scam artists, and by fraud. This is why we need to take action. As you say, the Wall Street Reform Act is going to help us to do just that--to protect seniors. When I think about what seniors need, they need, of course, personal security. They need to live in safe and livable communities. They need access to health care. With our recent health care bill, we are working to give seniors greater access to health care, to strengthen Medicare, to give greater choices in preventative medicine, with co-pays, and to close the Medicare doughnut hole. That is part of their security. Also, there is financial security so that they can live the rest of their lives secure that their money is going to be there, that their life savings aren't going to disappear because of the excesses and the risk-taking of Wall Street or that they will become victims of predatory lenders who convince them that they'll need reverse mortgages or that they'll need to take out loans on homes that are already paid for.”