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Tag Archives: Senate Hearing

Many Debt Settlement Firms Lie and Defraud People Says Government Report

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Reuters covered the hearing yesterday and published their take on the Senate Hearings on the debt settlement industry. Get Out of Debt Guy – Twitter, G+, Facebook Debt settlement Firms Rife with Fraud: GAO (Reuters) – A big percentage of debt settlement companies lie to and defraud people who contact them asking for help with credit problems, according to a ... Read More »

The Elusive USOBA Membership List Made Public

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Below you will find a document that was given to me by a USOBA member with a soul. They sent it to me at [email protected] I’ve actually had this for some time and I was giving the United States Organization of Bankruptcy Alternatives (USOBA) multiple chances to release to me a current membership list. After repeated requests, they simply ignored ... Read More »

Senate Hearing on Debt Settlement Industry – April 22, 2010. Ouch! That’s Going to Leave a Mark.

Debt Settlement on Fire

The U.S. Senate held hearings today on the practices of the debt settlement industry. You can watch the entire video of the hearings below. It might be slow in the beginning but take your bathroom break before the halfway point. It gets good and you don’t want to miss a moment of it. Debt Settlement Senate Hearing 4-22-2010 from GetOutOfDebt.org ... Read More »

Transcript of Undercover Calls to Debt Settlement Companies by Government Investigators

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Here is a copy of the undercover calls government investigators made in their examination of fraudulent and deceptive practices by debt settlement companies. Get Out of Debt Guy – Twitter, G+, Facebook TRANSCRIPT OF UNDERCOVER GAO CALLS TO DEBT SETTLEMENT COMPANIES Telling consumers to stop paying their creditors. (Industry trade groups say their members do not do this.): Clip 1: ... Read More »

FTC Testifies Before Senate Hearing Today to Send Debt Settlement to Time Out

The Federal Trade Commission today told the U.S. Senate Committee on Commerce, Science, and Transportation that the FTC will continue its stepped-up efforts to protect financially strapped consumers from deceptive and abusive debt relief scams. The testimony, presented by FTC Commissioner Julie Brill, described the FTC’s law enforcement actions, a rule change the agency has proposed to combat deceptive and ... Read More »

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