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See Who is For and Against California SB 708 Debt Settlement Legislation

A tipster (send in your tips here) sent me in the link to the current California debt settlement bill that listed who was before and against it. What is interesting to note is that Visa is for it and Consumers Union. Gail Hillebrand who was behind these efforts at Consumers Union is now with the …

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United States Organizations for Bankruptcy Alternatives (USOBA) Announces No More Tom Foolery

The United States Organizations for Bankruptcy Alternatives (USOBA) trade association has just made the following announcement. Smart move. Dear USOBA Member, The United States Organizations for Bankruptcy Alternatives (USOBA) strives to establish industry standards for its membership that both benefit debt settlement companies and protect consumers. We have worked hard in Washington and in the …

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What Landed Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America in Hot Water With the FTC

The suits filed recently by the FTC against Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America surround a common thread and common practices of many debt relief providers. A wide swatch of debt settlement companies have been guilty of similar marketing practices that the FTC is strongly saying are deceptive, …

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Life After Debt System. A Way for Debt Settlement Companies to Make Extra $$$.

A tipster (send in your tips here) sent me a copy of a recent email sent out by the United States Organization of Bankruptcy Alternatives (USOBA). The email to other USOBA members is promoting a package called Life After Debt with the message; The Life After Debt System is a consumer financial education package allowing …

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What’s The Point of USOBA?

In an era when it seems there is little need for multiple trade associations in a post-FTC TSR debt settlement world I’ve asked the question before what is the need for USOBA. Yesterday there was a conference call held by USOBA for member that was described as, “The call will be in presentation form by …

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Is This the Right Time For TASC and USOBA Members to Vote With Their Dues?

My friend and fellow debt coach, Damon Day, had a recent article that raises a very good question. In the article he said: TASC and USOBA are funded directly through debt settlement company membership dues. Settlement companies that are members of these associations often pay thousands of dollars a month and that money is used …

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USOBA Responds to New FTC Rules. What the Hell is Wrong With USOBA?

Yesterday I wrote about a statement that The Association of Settlement Companies (USOBA) made about the new consumer protection rules passed by the Federal Trade Commission covering debt settlement companies. Now today the other trade association, United States Organizations for Bankruptcy Alternatives sends out their press release on the new rules. First off, I was …

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