Latest Posts
Home > Debt Relief Industry > Regulation / Legislation (page 2)

Regulation / Legislation

Awesome Webinar from National Policy Group on State Money Transmitter Law Compliance for Debt Relief Operations

State Money Transmitter

If you have not had the opportunity to attend the webinar put on by National Policy Group on State Money Transmitter Law Compliance, you should. The free webinar covers issues surrounding the money transmitter law that impact credit counseling groups. The question the webinar posed is if credit counseling agencies need to be licensed as a money transmitter in those ... Read More »

FTC to FCC: Sellers Responsible for Outside Telemarketers

justball-144x125

In a statement made by the FTC to the FCC, the point that end providers are responsible for what outside telemarketers and agents say was reinforced. This is a very important point to keep in mind if you are using a call room or an outside sales force and you are not monitoring what they are telling consumers. A sales ... Read More »

State Money Transmitter Law Compliance for Debt Relief Operations. It’s Free to Attend.

justball-144x125

National Policy Group will host a complimentary two-part Webinar on Tuesday, May 10 and May 17, 2011 at 3:00 PM (ET) on the subject of “State Money Transmitter Law Compliance for Debt Relief Operations”.“ This is a unique program for debt relief agencies and related organizations that receive and disburse consumer funds to understand their compliance obligations as transmitters of ... Read More »

USDR Comes Out to Publicly Support 15% Success Fee Cap for Debt Settlement in California

justball-144x125

Here is a copy of testimony that was presented in California today to support a debt settlement fee cap at 15% of savings. Get Out of Debt Guy – Twitter, G+, Facebook 20 April 2011 The Honorable Ellen Corbett
Senate JUDICIARY COMMITTEE 
 State Capitol, Room 2187 
Sacramento, CA 95814  RE: SB 708 (Corbett) – Support Dear Senator Ellen Corbett: On ... Read More »

CareOne for California SB 708 Debt Settlement Services Act With Modifications

SB708CareOne-1

I was communicating with Mike Croxson, president of CareOne, who shared his written testimony with me regarding his view of the new proposed California SB 708 Debt Settlement Services Act. His testimony stated the fee level set by SB 708 as a 15% of savings success fee was too low; consumers that contact CareOne broke down as 48% candidates for ... Read More »

Debt Relief Legislative Update – April 13,2010

justball-144x125

This legislative update comes courtesy of the National Policy Group. Be sure to visit their site for more information. California SB 708 Debt Settlement Consumer Protection Act HEARING SCHEDULED FOR APRIL 27, 2011 April 12, 2011: From Committee with author’s amendments. Read second time and amended. Re-referred to Committee on Banking & Financial Institutions Colorado HB 1206 UDMSA Amendments April ... Read More »

Free Webinar – State Debt Adjustment Acts, The Ins and Outs of License, Insurance, Bonds and Fees

justball-144x125

Webinar: Thursday March 24th 3:30 pm Eastern Update Link for Call: https://www3.gotomeeting.com/join/425750374 Meeting Password: usdr Meeting ID: 425-750-374 “If you operate in the debt relief space, you need to be on this call.” – Steve State Debt Adjustment Acts The ins and outs License, Insurance, Bonds, and Fees 55 minute webinar State review The webinar is hosted by Scott Johnson, ... Read More »

Compliance With State Laws. Is Your Debt Relief Company in Good Shape?

justball-144x125

The following is a guest post by Scott Johnson, the person I consider to be a leader in helping debt relief companies understand compliance issues and avoid compliance problems. If you have any questions or would like to attend one of his upcoming compliance webinars, contact Scott at [email protected] Get Out of Debt Guy – Twitter, G+, Facebook Compliance with ... Read More »

Center for Responsible Lending Sends Out Press Release on California Debt Settlement Consumer Protection Act (SB 708)

The Center for Responsible Lending has sent out the following press release on the California Debt Settlement Bill that has been proposed by Majority Leader Ellen Corbett. Here is a copy of the current version of SB 708 as introduced. The history of SB 708 can be found here. Get Out of Debt Guy – Twitter, G+, Facebook OAKLAND, Calif., ... Read More »

Maryland to Hold Important Hearing on Debt Settlement. Persels & Associates is Said to be Adamantly Opposed.

justball-144x125

The Maryland Consumer Right Coalition reached out to me to let me know about upcoming hearings in Maryland that involve debt settlement. Marceline White of the MCRC said, “There will be two hearings in the Maryland General Assembly next week on regulating the debt settlement industry within the state. The legislation recommends that lawyers that are principally engaged in debt ... Read More »

Uniform Debt Management Services Act (UDMSA) Proposed Changes Impact Debt Settlement and Credit Counseling

The UDMSA, the framework some states use for regulating debt relief services, has had some revisions suggested. These changes come from the Uniform Law Commission. Some important parts I noticed: Caps fees for debt settlement; Does not allow the full fee to be taken at the time of an agreement with the creditor or first payment; No setup fee or ... Read More »

Debt Relief Legislation in the Works

justball-144x125

The National Policy Group has just sent out a list of the most recent legislative action covering debt relief. Members of the debt relief industry may want to pay attention to the following proposed legislation: Indiana HB 1410 Indiana HB 1483 Indiana HB 1528 Kentucky HB 133 Mississippi HB 425 & SB 2251 Mississippi HB 824 & SB 2382 Nebraska ... Read More »

Former IRS Agent Tells Tax Debt Relief Services May be Dangerous to Consumers

image005

photo © 2007 paul stumpr | more info (via: Wylio)Jim Buttonow, a CPA and former IRS Agent has released information about why the very premise of selling tax relief services for an advance fee is something consumers should be protected from. Below you will find submitted comments to the Federal Trade Commission regarding the selling of tax relief services. Get ... Read More »

NYC Still Pushing for Debt Settlement Consumer Protection Act

On November 18, 2010 a meeting was held with the New York City Council and testimony was presented. As part of that testimony it was reveled that the New York City Department of Consumer Affairs is still pushing for the Debt Settlement Consumer Protection Act. We are also pushing for strong federal legislation, the Debt Settlement Consumer Protection Act of ... Read More »

Non-Profit Credit Counselors Watched by New York for Bogus Activities

In a story that would have been just about a presentation to the New York City Council about debt settlement activities comes a glance into the activities of some debt settlement companies to attempt to loophole out of FTC new rules to regulate debt relief activities. The documents from the meeting say: Karen S is a 55 year old home ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.