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Is TASC the New Sheriff in Debt Settlement?

By on August 20, 2010
Is TASC the New Sheriff in Debt Settlement?

Recently Dave Leuthold, the executive director of TASC, and I have been communicating about the news that TASC has come out, be it a bit begrudgingly, in support of the new Federal Trade Commission telemarketing sales rules (TSR) that regulate the debt relief and debt settlement industry and protect consumers. The full rules going into effect on October 27, 2010.

When I asked Dave for a public comment regarding if TASC was now fully onboard with the new TSR policies he shared this with me, “TASC will continue efforts to monitor our member companies to ensure that they are in conformance with the letter and intent of the TSR.

Of course, we will also keep our eyes open for non-TASC companies that are not compliant. We certainly continue to remain open to hearing from consumers or others that come across questionable actions and will investigate each one.”

So I wonder if TASC has now turned a corner and will arise as the ONE debt settlement trade association (bye-bye, USOBA?) consumers can trust to police their members, take consumer complaints seriously and keep an eye open for debt settlement companies that don’t want to play by the rules after October 27, 2010?

Frankly if they will also watch out for non-compliant companies I would love the help in order to protect consumers. Goodness knows there are enough companies out there not plying fair now.

If TASC can demonstrate to me they have accepted the role Dave shared above and live up to that promise I’d be the first one to applaud them for that. Until then, I’m guarded. I just need to see action that supports the words. I’m still trying to assimilate the flip from one day fighting the new rules to now embracing them. Don’t get me wrong, I think that’s the best move for TASC, I’m just still in shock.

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About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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