Credit Life Insurance in Auto Loans Under Scrutiny
The Senate subcommittee hearings reveal credit life insurance as a costly hidden add on in auto and major purchases. Regulators warn that a large share of premiums goes to lenders and insurers, with weak state oversight allowing high profits and overcharges.
MENTIONED IN THIS ARTICLE
Kenreth C. Nichols
Prudential Insurance Co
United States
Senate
Subcommittee
Prudential
Hart
James Hunt
Vermont
New York City
First National City Bank
Chase Manhattan and Manufacturers Trust Co
Jerry Cohen
Robert S. Olson
Ford Motor Co
Philip A. Hart
D. Mich
Prac
Swindle Sheet by Union Official Reveals Expense Comedy
The Insurance Workers International Union secretary-treasurer Charles G. Heisel received a humorous but itemized swindle sheet detailing travel, meals, taxi, hotel, and parking costs. Notes praise the defensive and apologetic tone while poking fun at lavish spending and the idea of reimbursing expenses if a lottery ticket pays off.
MENTIONED IN THIS ARTICLE
Washington
Pai
Charles G. Heisel
Insurance Workers International Union
Also Mentioned on This Page
Credit Life Insurance
Credit Life
Senate Anti-Trust and Monopoly Subcommittee
Dean Sharp
Philip Hart
Pennies
Cohen
Olson
Highway Safety Department
Trailways
Buscoe
41St
8Th Ave
Iwiu V.P
P.S
P.P.S
P.P.P.S
Dr. Kushner
Shillito
S. E. Corner
W. 7Th ST
Resor Bldg
S & Bots
Nuare Bros
Pleasant Ridge
Clifton Groesbeck
Knowlton ST
Columbia
Olds
Ohio
Enterprise Paints
Ryanize Paints
Glidden
Rust-O-Leum Paints
The
Melvin Supply CO
Race St
Cincinnati
Irwin
Vine Street
Friars Club
West
Mcmillan Street
Bob Jones
the Enquirer
Afl-Cio
Ards
Hilvers Catering
Hayden Auto Top Service
Frisch's
Old Fitzgerald Bourbon
Cabin Still
W. L. Weller
Kehl
Edelman
Dixie Hwy
Kingsport Press
Carrousel
Motor Inn
Fermco
High Point
Vanieries
Crane & Breed Canker Company
Avenue Nite Club
Bellevue
Rinks
Evendale
Florence