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South African National Credit Regulator and Magauta Mphahlele in Crosshairs

Recent activity by the National Credit Regulator, and the CEO of the creditor controlled NDMA, Magauta Mphahlele, has created a flurry of activity among South African debt counsellors who are not happy that the voluntary debt mediation project (VDMS) has been cancelled. The new process sounds very similar to a UK or Canada IVA type arrangement or a U.S. non-judicial ... Read More »

    Mike Croxson from CareOne and I Talk About The New FTC Rules, Attorney Model Debt Settlement and the Lack of Clarity in Credit Counseling

    Mike Croxson, the president of CareOne, a provider of debt settlement and debt management plans, and I chat about current events in the debt relief world. Some of the issues Mike and I talk about: Where are the loopholes from the Federal Trade Commission telemarketing sales rules. What is the endgame to chasing loopholes. The access to attorneys for debt ... Read More »

      Howard Dvorkin, Consolidated Credit Counseling Services on New Debt Settlement Rules

      This morning Howard Dvorkin, the president of Consolidated Credit Counseling Services, a Florida based credit counseling non-profit company, and I talked about the new debt settlement rules and other things. Here are some of the topics we chatted about. Attorneys getting into debt settlement right now. Credit Advocates, a Florida debt settlement company, regarding this article. Does credit counseling want ... Read More »

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