Government report details fraud in debt settlement industry

Fri, 04/23/2010 - 13:22
  • Length: 3:47 minutes (3.47 MB)
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In Washington, finance ministers and world bank officials met in closed meetings to discuss bank reform plans in the US and other countries. Also on the agenda was Greece. The country requested the release of emergency loans. In a statement the International Monetary Fund said it had been working with Greece and it was "prepared to move expeditiously on this request.” This afternoon protestors gathered outside the IMF building ahead of more meetings this weekend.

Meanwhile, a government investigation has found that the booming industry of - debt settlement companies - is engaging in fraudulent business practices.  These companies misled consumers and gave faulty advice to those trying to get out of debt. FSRN's Leigh Ann Caldwell reports.

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