In the spirit of Older American’s month and providing senior citizens with reliable and relevant information, the CFPB has announced the creation of the Office of Financial Protection for Older Americans.

“This Office will connect seniors with what they need to guide themselves through their financial lives. The Dodd-Frank Wall Street Reform and Consumer Protection Act requires this Office to be active by January 21, 2012. We are building it right alongside the rest of the consumer bureau, and in the coming weeks and months you’ll hear more from us about financial issues for seniors.”