Latest Posts
Home > Tag Archives: regulation

Tag Archives: regulation

Why People Have a Tough Time Shopping for Debt Help

Screen Shot 2013-07-10 at 4.53.06 PM

The Federal Reserve Bank of Philadelphia published a paper by Stephanie Wilshusen which made some very enlightened observations about why consumers struggle with getting out of debt. In the paper, “Meeting the Demand for Debt Relief” it describes the options available to borrowers who seek assistance in managing their debts and discusses the information and incentive problems associated with these ... Read More »

    TASC & USOBA Here It Comes. You’ve Got Nobody But Yourselves to Blame.

    justball-144x125

    Lot’s of items are all coming to a head this week regarding the debt settlement industry. The debt settlement trade associations have been called, on short notice, to a hearing to be held by the U.S. Senate on April 22, 2010 where my bet is they will not be met with party favors and a cake. I bet the Senate ... Read More »

      Things People Get Wrong About Credit Card Debt

      justball-144x125

      Excellent article in the Washington Post titled “Five myths about America’s credit card debt.” You should read it, click here. Highlights from the article. 1. Middle-class American families have long depended on bank credit cards to manage their budgets. Not true. 2. More people have credit cards because companies got better at managing risk and began marketing to lower-income customers. ... Read More »

        Debt Settlement Companies and Associations Hiring Washington Lobbyists to Persuade Congress

        justball-144x125

        An article in The Hill talks about how the Debt Settlement industry is now hiring lobbyists to meet with members of Congress in order to make their case to continue to exist. Many states and the Federal Trade Commission have reloaded their regulatory shotguns and taken aim at rogue debt settlement companies in the past few years in hopes of ... Read More »

          Expert Testimony Worth Reading on H.R. 2309 the Consumer Credit Protection Act (Debt Settlement Industry Regulation)

          justball-144x125

          The Consumer Credit and Protection Act was recently introduced in the House of Representatives to specifically address issues in some industries, including debt settlement. As boring as it sounds, I was actually reading the testimony of the expert witnesses at the recent committee meeting on the bill and found the segment below to be of specific interest. It appears that ... Read More »

            Debt Settlement Companies in for a World of Hurt in the U.S.

            justball-144x125

            Debt settlement companies in the United States had better brace for some interesting times, and not good times for them. The Attorney General of New York recently issued subpoenas to fourteen debt settlement companies, not in an interest to learn more about them, but to give him the evidence he need to close down the industry. Seriously, New York has ... 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.