Reminiscent of the housing crisis, some car dealers in the U.S. appear to be fudging financial details to get borrowers approved. According to a recent article in The Wall Street Journal, inflating borrowers’ incomes so they can qualify for a car loan is a growing trend across the country resulting in some dealerships being sued by state and federal authorities. It’s not just a matter of turning a blind eye when borrowers fib about earnings, but a proactive approach on the part of … [Read more...]
Archives for December 2019
Tax Exempt Hospitals Under Scrutiny for Aggressive Debt Collection Practices
Tax exempt hospitals are required by law to provide charity care to patients who cannot afford their hospital expenses. Furthermore, nonprofit hospitals cannot go after past due balances through extraordinarily aggressive debt collection actions such as suing these patients or seeking the garnishment of their wages. However, according to an investigation recently published by MLK50, a member of ProPublica, that is exactly what one of the largest healthcare systems in the country did when poor … [Read more...]