We check in with Vermont’s Deputy Banking Commissioner Tom Candon, and representatives from banks around the state. Plus, one UVM Med student helped change how students are taught about eating disorders, and an audio town postcard from Wardsboro.
Officials
say Vermont banks are in generally good shape and have enjoyed a
boost in business in recent weeks. As
VPR’s Ross Sneyd reports, deposits have grown and the demand for loans has
strengthened.
It’s a new year but the hard
times of 2008 continue for many people struggling to make mortgage payments in
this economic downturn. And Vermont’s
Deputy Banking Commissioner Tom Candon says his office has heard from a lot of people
recently taken in by exploitative loan modification services.
Vermont
regulators are warning people about new scams in which companies offer mortgage
help to cash-strapped homeowners only to bilk them of money later.
First, the good news: A new Pew Center Research study predicts Vermont
will be one of the states least affected by the national foreclosure
crisis in the coming year. Now for the not so good: new tracking data since January of 2007 reveals an uptick in the number of foreclosures in the state.
Tom Candon is Vermont’s Deputy Commissioner of Banking.
State
officials say they’re satisfied with the way Vermont’s banks are responding to a security breach at
Hannaford’s supermarkets that exposed the credit card information of
more than four million customers nationwide.