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Tag Archives: debt settlement legislation

Rules for Debt Settlement Companies Would Help Protect Consumers

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An editorial out of Michigan does a good job of summing up the grassroots feelings of educated consumer activists regarding needed debt settlement regulations. Here is the editorial: Pay off your debts for just pennies on the dollar! One phone call can save you from years of financial misery! Sales pitches like these might sound like they’re coming from a ... Read More »

California Debt Settlement Legislation AB350 Much Closer to Passing

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California is very close to passing new regulations regarding debt settlement services. Below you will find the meat of the regulations. You can read the latest version of AB350 Debt Management and Settlement act here. An interesting new twist in this regulation from California is the sentence “The provider’s total fees must be spread over at least half the length ... Read More »

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