NACSO Credit Repair Lawsuit Not a Fave of CFPB and FTC

The National Association of Credit Services Organizations (NACSO) that had previously sued the CFPB and FTC to force the TSR not to apply to credit repair groups, received a response from regulators. I’m not sure if I even need to waste keystrokes to write the CFPB and FTC disagree with NACSO. The latest response from … Read more

Acronyms Fight: NACSO vs. CFPB and FTC

The National Association of Credit Services Organizations (NACSO) is still in the battle with the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC). You can see the history of the case here. The issue appears to be unhappiness over the fee limitations that the Telemarketing Sales Rule (TSR) creates. NASCO would like … Read more

CFPB Slaps Back at Credit Repair Group NACSO – Hard

Not all that long ago the National Association of Credit Service Organizations (NACSO) sued the Consumer Financial Protection Bureau (CFPB) to have them back off the industry. You can see past posts, here. NACSO had solicited funds from members to help pay for a suit filed by Greenspoon Marder against the CFPB. You can read … Read more

NACSO Member Key Credit Repair Sued by CFPB

The credit repair world is exploding in a giant pissing contest right now. The National Association of Credit Services Organizations (NACSO) recently held a fundraiser for membership money to sue the CFPB and seek to eliminate the Telemarketing Sales Rule (TSR). The following day after filing suit against the Consumer Financial Protection Bureau (CFPB) the … Read more

Will This Court Opinion Hamper the Suit Filed by Credit Repair Groups Against CFPB?

Recently I wrote about the valiant effort of the National Association of Credit Services Organizations (NACSO) to get some clarity from the Court regarding the unfavorable language of the Telemarketing Sales Rule (TSR). It appears the intention of the lawsuit filed against the Consumer Financial Protection Bureau (CFPB) is to invalidate the part of the … Read more

National Association of Credit Services Organizations Sues CFPB

Recently I wrote about the desire for the National Association of Credit Services Organizations members to raise money to sue the Consumer Financial Protection Bureau (CFPB). Well it seems they raised the necessary funds they were looking for from members to sue the CFPB. Actually an attorney with the law firm Greenspoon Marder did as … Read more

National Association of Credit Services Organizations Versus the World

You have to give a hat tip to attorney Robby Birnbaum who is seemingly involved with a number of debt/credit niche associations. In a recent presentation, Mr. Birnbaum was introduced as the current president of the National Association of Credit Services Organizations (NACSO). Mr. Birnbaum is a long-standing attorney representing and advising clients in this … Read more