NC think tank urges new state measures to thwart rising risk of elderly losing cash to fraud
By Associated Press
May 27, 2009
A North Carolina think tank that studies state government programs said the state should enact new laws to protect the elderly against fraudsters out to steal their money.
The North Carolina Center for Public Policy Research said in a report issued Wednesday that North Carolina was the first state with an elder abuse law in 1973, but it has not been updated since 1981.
The center's recommendations include the General Assembly establishing a study commission to examine how the banking commissioner, the investment industry, and law enforcement agencies can combine to prevent elder fraud. The center said the commission should explore whether bank employees could be trained to recognize, report, and reduce fraud against the elderly.
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