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Colorado Says No to Advance Fees for Tax Resolution Services

The National Association of Tax Resolution Companies has just shared that the State of Colorado has announced tax relief companies are included under the Uniform Debt Management Services Act and may not charge an advance fee for services. “In the first public announcement of its type, companies providing certain tax debt relief, resolution or settlement … Read more

Free Debt Relief Industry Regulation and Legislation Tracking

I’m happy to announce today that both consumers and debt relief companies will now have FREE access to debt relief industry compliance, regulation, and legislation resources. This site module for the GetOutOfDebt.org site will give site visitors fee access to be better informed and educated about debt relief industry regulations. In this module you will … Read more

Looking Forward and Planning How to Run a Successful Debt Relief Company

The following guest post was contributed by Scott Johnson. Scott Johnson, CEO of US Debt Resolve & USDRINC. Scott has testified at both the state and federal level, participating as a panelist for the FTC debt settlement workshop in 2008 and TSR 2009. If you would like to contribute a guest post, click here. 2012 … Read more

Uniform Debt Management Services Act (UDMSA) Proposed Changes Impact Debt Settlement and Credit Counseling

The UDMSA, the framework some states use for regulating debt relief services, has had some revisions suggested. These changes come from the Uniform Law Commission. Some important parts I noticed: Caps fees for debt settlement; Does not allow the full fee to be taken at the time of an agreement with the creditor or first … Read more

NYC Still Pushing for Debt Settlement Consumer Protection Act

On November 18, 2010 a meeting was held with the New York City Council and testimony was presented. As part of that testimony it was reveled that the New York City Department of Consumer Affairs is still pushing for the Debt Settlement Consumer Protection Act. We are also pushing for strong federal legislation, the Debt … Read more

Texas Testimony, National Trends in Regulation of Debt Settlement

Yesterday there was a hearing in Texas regarding upcoming debt settlement regulation. Below you will find the testimony regarding the Uniform Debt Management Services Act that was given. I was told the committee had no patience for USOBA and John Ansbach, who was not even on the witness list. He attempted to make comments in … Read more

TASC and USOBA Members. You Are Only as Strong as Your Weakest Link.

Just back from a lovely ride on the motorcycle and all along the two hour ride I was thinking about a frequent complaint I hear from members of The Association of Settlement Companies (TASC) and United States Organization for Bankruptcy Alternatives (USOBA), “We are a member but we are a really good company and not … Read more