Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Carolina Banker Vol. 91 Issue 4, Winter 2012
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Ponzi schemes are the country’s most prevalent type of investor fraud. The essence of the Ponzi scheme is new investors pay off old investors at high rates of return, which then attracts new investors, and the cycle continues and grows until it collapses on itself or is discovered. This article discusses cases of Ponzi schemes in North Carolina and bank procedures for addressing fraud.
This article addresses several core questions from North Carolina bankers, which include topics on the regulatory environment, the consolidation of community banks, and the future of deferred tax assets. Discussion also considers the recovery of North Carolina’s economy in association with the state’s new governor.
Financial literacy education is starting to become a better-known topic within our North Carolina public school systems. A few bills have been passed requiring education curriculum to incorporate general economics, money management, savings and investment, and general banking procedures. With better financial management skills, there may be fewer bankruptcies and foreclosures, and lower consumer debt.
The North Carolina Foreclosure Prevention Fund is now helping unemployed homeowners to keep their homes, and may be able to help clients who are struggling to pay their mortgage. Created by the North Carolina Housing Finance Agency and funded by the United States Treasury, the effort pays the mortgage while individuals look for jobs or complete job trainings.