Posts tagged as:

government

Thumbnail image for Senate Passes Fair Access to Credit Scores Act

Senate Passes Fair Access to Credit Scores Act

May 18, 2010

Last night, the Senate passed an amendment introduced by Senator Mark Udall that would provide credit scores to consumers in certain situations. Titled the Fair Access to Credit Scores Act of 2010, this amendment was added to the much larger financial regulatory bill currently being debated in the Senate. Benefit to consumers Consumers will now [...]

0 comments Read the full article →
Thumbnail image for Debt Settlement Consumer Protection Act Amendment

Debt Settlement Consumer Protection Act Amendment

May 12, 2010

As the Debt Settlement Consumer Protection Act makes its way through the Senate, an amendment has been proposed by Senator Chuck Schumer and Senator Claire McCaskill . The Senators submitted the amendment recently to the bill they first announced last month.  For those who are hearing about this bill for the first time, the intent [...]

0 comments Read the full article →
Thumbnail image for Debt Settlement Consumer Protection Act Aims To Drastically Cut Fees

Debt Settlement Consumer Protection Act Aims To Drastically Cut Fees

May 3, 2010

Last week Senators Schumer and McCaskill announced the Debt Settlement Consumer Protection Act, which is a bill they have written that aims to protect consumers and curb predatory practices that are all too common in the debt settlement industry today. The actual text of the bill became available recently, so let’s dive in and take [...]

0 comments Read the full article →
Thumbnail image for Senators Announce Debt Settlement Consumer Protection Act

Senators Announce Debt Settlement Consumer Protection Act

April 28, 2010

A press release came out of Senator Chuck Schumer’s office this afternoon announcing a bill he co-introduced today with Senator Claire McCaskill called the Schumer-McCaskill Debt Settlement Consumer Protection Act. The announcement was expected ever since the Washington Post published an article last Friday reporting that Senator Schumer was already at work on a bill [...]

0 comments Read the full article →
Thumbnail image for How Much Will Debt Settlement Cost You?

How Much Will Debt Settlement Cost You?

April 27, 2010

If you have done your research and have concluded that debt settlement is the best strategy for your particular circumstances, and you have decided not to handle your own negotiations, then your next step is to hire a company to do it for you. This is a very important decision because hiring the right debt [...]

0 comments Read the full article →
Thumbnail image for Government To Propose New Legislation For Debt Settlement Industry

Government To Propose New Legislation For Debt Settlement Industry

April 26, 2010

According to this article published by the Washington Post, the U.S. Senate is preparing to introduce legislation this week that aims to impose new limits on debt settlement companies. This news comes on the heels of last week’s Senate Commerce Committee hearing on the debt settlement industry where the results of the Government Accountability Office’s [...]

0 comments Read the full article →
Thumbnail image for Debt Settlement Industry Faces Government Scrutiny

Debt Settlement Industry Faces Government Scrutiny

April 23, 2010

Most debt settlement companies are more interested in their own financial gain than helping consumers who are struggling with high debt balances and are seeking their help. Unfortunately, preying on distressed consumers is nothing new but this prolonged economic downturn we’re in seems to have really brought out the worst in the sharks. Yesterday, the [...]

0 comments Read the full article →