CFPB issues finance guidelines

From wire reports /

The federal Consumer Financial Protection Bureau has issued a series of guidelines to help people who may be managing a parent’s or other older person’s finances. These guidelines — which can be viewed through the commission’s website at www.consumer finance.gov/managing-someone-elses-money — include steps detailing how fiduciaries can make sure they are acting in a person’s best interests, managing a person’s money carefully, keeping a person’s money and assets separate from their own, and maintaining good records to keep track of what money came in and where it was spent.