This just in. Apparently there was a conference call that ended a few minutes ago by DSR Financial with Tami Brown as the speaker that was promoting how attorney model debt settlement services were exempt from the new Federal Trade Commission rules. Haven’t we already debunked that myth?
A tipster (send in your tips here) sent in the following notes from the call.
Basically they were pitching the backend company DSR Financial. It wasn’t very clear what Tami Brown’s connection was but she kept talking about a company named Turnkey. [See this link for more information on Turnkey and AADR.] They are pretty much standing behind the fact that they think attorney models are exempt and she said “ Attorneys have the right to practice law and the FTC can’t reach that. She did keep mentioning the organization AADR.
She said DSR trains companies to be affiliates for their backend. She kept saying things like “we help you stay away from red flag words” and we teach you the rules on what you can tell clients. At one point she showed us a slide with very generic settlement numbers, 50% for Citibank, 40% for most credit cards, 70% for cards under $750 and then later mentioned how the FTC wants all companies to be able to prove their settlement percentages.
From what she said it’s clear that they don’t care about the TSR. At the end when someone asked about fees she said their fees are set up “the way you all are probably used to your fees to being set up”.
I’ll email DSR Financial and ask them to comment on the tipster (send in your tips here) supplied notes from the call.
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