Debt Settlement

Policy Analysis

Comments to the Federal Trade Commission regarding the Telemarketing Sales Rule Regulatory Review, Nov. 13, 2014

Group letter opposing MA HB 3569 that would allow "unlimited fees" on Massachusetts consumers by for-profit debt-relief firms, Nov . 7, 2013 Press release

Comments on Uniform State Laws (NCCUSL) Uniform Debt Management Services Act

FTC Notice of Proposed Rulemaking to amend the FTC’s Telemarketing Sales Rule (‘‘TSR’’ or ‘‘Rule’’) to address the sale of debt relief services, 74 Fed. Reg. 41,988 (8/19/09) and NCLC's Comments

Reports and Press Releases

Consumers Need Relief from Debt Settlement Rip-Offs: Consumer and Privacy Groups Support Senate and House Bills to Curb Debt Settlement Abuses (Press Release), June 2010

NCLC Special Report: An Investigation of Debt Settlement Companies: An Unsettling Business for Consumers

U.S. Senate Committee on Commerce, Science, and Transportation hearing on The Debt Settlement Industry: 

The Consumer's Experience with webcast and written testimony

GAO report on debt settlement industry, April 2010

Other Resources

Learn to Recognize Online Consumer Debt Relief Scams (click on Apply Now!)

U.S. Federal Trade Commission Dealing with Debt Relief Services