Hubert H. “Skip” Humphrey III, the former attorney general of Minnesota, has been chosen to lead the Office of Older Americans within the Consumer Financial Protection Bureau.
This office is tasked with improving the financial decision-making of seniors and preventing unfair, deceptive, and abusive practices targeted at adults ages 62 and above, according to a CFPB press release.
Humphrey served as a Minnesota state senator from 1973 to 1983 and as the state’s attorney general from 1983 to 1999. In 1998, he made an unsuccessful bid for Minnesota governor, winning the Democratic nomination but losing the election to Republican Jesse Ventura. His father, Hubert Humphrey, served as vice president under President Lyndon B. Johnson and founded the Minnesota Democratic-Farmer-Labor party.
In the private sector, Skip Humphrey worked at Tunheim Partners, a communications and public affairs firm, and taught at the University of Minnesota. He is a former state president and national board member at AARP.
Now 69, Humphrey will focus on educating seniors on saving, retirement-planning and long-term care; connecting with financial institutions, law enforcement agencies, senior groups and other agencies; identifying trends and bad practices; and protecting older adults from fraud.
Links to more information on avoiding scams, elder abuse, housing, long-term care, protecting investments and more is available on the Office of Older Americans web page.
“I want people to know that when we are looking at issues in the financial marketplace, we consider how they affect older Americans and what we can do to make sure seniors are well served. Our office will listen to and learn from the voices of the more than 50 million Americans aged 62 and over,” Humphrey wrote on the CFPB blog.