Industry News
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Aug 17, 2010
TASC Announces Support for FTC Debt Settlement Rules
Industry Trade Group Complies with Advance Fee Ban and Related Consumer Protections
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Apr 28, 2010
FTC Proposal Submission
FTC Proposal Submission: Letter from TASC written to the FTC regarding the Telemarketing Sales Rule — Debt Relief Amendments, R4 11001
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May 04, 2010
TASC Advertising Alert
It is incumbent upon TASC member companies to be aware of the ads that are generating the leads you are buying. Here are some guidelines to follow:
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Jun 09, 2010
Illinois Debt Settlement Bill Won’t Protect Consumers
Industry Urges Gov. Pat Quinn to Veto New Bill
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Nov 19, 2009
TASC: FTC Proposal Would Hurt Finance Industry
Debt settlement is not just a viable option for consumers in debt
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Apr 28, 2010
FTC Proposal Submission
TASC proposal to the FTC regarding telemarketing sales rule — debt relief amendments, R4 11001. Supplement to previously filed comments.
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Mar 05, 2010
Deceptive Marketing
Letter from TASC Executive Director, David Leuthold
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May 26, 2010
Debt Settlement Advertising Standards Will Further Protect Consumers
Industry trade group announced new, self-imposed rules for advertising and marketing practices that aim to protect consumers.
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Apr 14, 2010
Debt Settlement Industry Responds to Misinformation
TASC responds to misstatements and inaccurate information released by Illinois Attorney General Lisa Madigan and the Chicago Sun-Times.
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Mar 18, 2009
President of TASC, Chris Kesterson, writes to Consumer Reports Magazine
"We all know these are challenging economic times when people are forced to make difficult decisions, which is why your article “Financial Traps are Flourishing” concerns us..."
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Apr 07, 2010
Reaction to Bankrate.com
Letter from Executive Director, David Leuthold
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Mar 15, 2010
TASC Recognizes Contributors to Association
Awards handed out at TASC annual conference.
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Mar 05, 2010
TASC: Some Debt Relief Ads are Deceptive, Mislead Consumers
TASC called for caution on the part of consumers who hear ads regarding “getting out of debt” on television or radio.
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Jan 21, 2010
TASC Executive Director to Speak at DBA International Conference
TASC Executive Director, David Leuthold, will use his expertise to explain how to liquidate portfolios.
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Dec 10, 2009
TASC Warns Consumers of Credit Card Rate-Reduction Scam
TASC is warning consumers of a scam by companies offering a credit card rate reduction.
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Dec 07, 2009
Consumer Fraud Alert
Recently the FTC filed a complaint and received an injunction against one or more companies perpetrating a credit card rate reduction scam against consumers...
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Sep 30, 2009
TASC Grows to Help Consumers Achieve Debt Relief
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Mar 04, 2010
TASC Executive Director to Discuss Debt Settlement at Collections & Credit Risk Conference
David Leuthold will provide insight on the benefits of debt settlement at the 14th Annual Collections & Credit Risk Conference.
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Mar 03, 2010
Signatures of a Trustworthy Debt Settlement Company
Recommended criteria to be a part of every consumer's evaluation in chosing a reliable, trustworthy and honorable Debt Settlement Company.
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Mar 02, 2010
TASC: Consumers Must be Vigilant When Assessing Credit Options
The FTC reveals that services related to consumer credit continue to generate a high percentage of complaints and the need for watchdogs such as TASC is stronger than ever.
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Nov 23, 2009
Debt Settlement Industry Addresses Concerns of Attorneys General
TASC will continue to engage individual Attorneys General and the National Association of Attorneys General (NAAG) to explain how debt settlement is a legitimate financial tool for consumers in debt.
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Nov 19, 2009
TASC: FTC Proposal Would Hurt Finance Industry
Debt settlement is not just a viable option for consumers in debt
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Sep 16, 2009
Report: Debt Settlement a Viable Path to Economic Recovery Over Bankruptcy
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Feb 23, 2010
New Credit Card Rules Will Increase Burden on Consumers
More People May Need Debt Settlement Services for Help
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Nov 12, 2009
TASC to FTC: Debt Settlement Better Service for Many Consumers
Credit counseling can fall short on debt relief
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Nov 02, 2009
TASC: Consumers Need More Financial Options
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Oct 08, 2009
TASC to Address Proposed FTC, Illinois Laws at Financial Services Collections & Credit Risk Conference
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Sep 03, 2009
Debt Settlement Industry Proves Value to Creditors
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Oct 28, 2009
Debt Settlement Industry to FTC: We Provide Valuable Service to Consumers
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Aug 31, 2009
TASC Board Members to Discuss Debt Settlement at Financial Services Collections & Credit Risk Conference
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Aug 18, 2009
SMU Study Shows Benefits of Debt Settlement Industry
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Aug 03, 2009
Vetoed bill means less protection for financially struggling consumers
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Aug 03, 2009
TASC’s Legislative Director to Speak at Federal Reserve Bank of Philadelphia
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Jul 31, 2009
TASC’s Legislative Director to Speak at American Bar Association Annual meeting
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Jul 24, 2009
Debt settlement industry warns against non-professionals tackling debt settlement
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Jul 24, 2009
TASC’s Legislative Director to Speak at NCSL Conference
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Jun 04, 2009
Credit Counseling Companies Backed by Faulty Industry
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May 29, 2009
Many Consumers Better Served by Debt Settlement Companies TASC finds credit counseling can fall short on debt relief
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May 27, 2009
Debt Settlement Industry Works Toward Regulation
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May 18, 2009
Debt Settlement Association Shares Concerns, Promotes Consumer Protection
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Jan 15, 2009
President of TASC, Chris Kesterson writes in response to the BBB position on debt settlement
Mr. Kesterson writes on behalf of The Association of Settlement Companies (TASC) regarding the Better Business Bureau’s policy on the rating of debt settlement companies.
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May 12, 2009
BBB Statistics Contradict Own Ratings of Debt Settlement Industry
2008 Statistics Show Far Fewer Complaints for Debt Settlement than Credit Counseling
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Mar 18, 2009
Maximum Recovery Changes Name to Persolvo Data Systems
Maximum Recovery announced today that it has changed its name to Persolvo Data Systems.
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May 11, 2009
Debt Settlement Industry Responds to New York Attorney General
The following is TASC's response to New York Attorney General Andrew Cuomo issuing subpoenas to debt settlement companies.
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Apr 21, 2009
Record 350 Attend Debt Settlement Industry Conference
This year TASCs' annual conference drew a record crowd, but it’s no surprise as to why...
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Mar 30, 2009
Debt Settlement Industry Announces \r\nGeorgia Attorney General as Keynote Speaker for Annual Conference
TASC announced Thurbert E. Baker, Attorney General of Georgia, as its keynote speaker for its annual conference April 5-7 in Las Vegas.
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Mar 22, 2009
Persolvo Data Systems President Wade Torkelson to Speak at 4th Annual Credit and Collection News Conference
Wade Torkelson, President, will be speaking at the 4th Annual Credit and Collection News Conference, on Friday, April 3, 2009 beginning at 9:00 a.m. Pacific time at the Four Seasons Resort Aviara in Carlsbad, CA...
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Mar 18, 2009
Debt Settlement Industry Takes Pre-Emptive Steps Toward Regulation
TASC announced new guidelines for its members that are similar to those found in pending legislation throughout the country...
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Mar 18, 2009
Persolvo Data Systems Signs Strategic Partnership with Prime Debt Soft
Application Integration Enhances Ability to Settle Large Volumes of Consumer Accounts in Debt Settlement Programs
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Mar 13, 2009
Settlement Companies Protest Better Business Bureau Rating System
Credit.com News - San Francisco, CA, USA \r\nDebt settlement companies help consumers who cannot pay the full amount of ... TASC president and chief executive of Debt Settlement America in Dallas. ...
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Feb 03, 2009
Debt Settlement Industry Earns Injunction on New Pennsylvania Law
A preliminary injunction granted Friday by the Commonwealth Court of Pennsylvania means members of The Association of Settlement Companies (TASC) can continue to perform a valuable service for Pennsylvania residents seeking meaningful debt relief...
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Feb 03, 2009
Debt Settlement Industry Sues Pennsylvania – Department of Banking creates unconstitutional law; hurts consumers, suit claims\r\n
The Association of Settlement Companies (TASC) and two Pennsylvania debt settlement company members filed suit recently against the Department of Banking of the State Commonwealth of Pennsylvania to have a newly enacted law affecting debt settlement companies declared unconstitutional...
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Feb 03, 2009
Debt Settlement Industry Appeals to Better Business Bureau, ‘Don’t Shut Door on Consumers’ – Rating system dismisses industry and limits options for people in debt
The Association of Settlement Companies (TASC); INSERT INTO AMP_industrynews (Title, DateSubmitted, Body, brief) VALUES the regulator for the debt settlement industry, today reached out to the Better Business Bureau (BBB) to discuss the critical flaws in its consumer grading system...
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Feb 03, 2009
AN UNFAIR LAW FOR DEBT-SETTLEMENT FIRMS
A recent Philadelphia Daily News editorial ("Feeding Off the Troubled") said that debt-settlement companies "don't fix the problems and only create new ones." The Association of Settlement Companies respectfully disagrees. We believe the state law passed recently affecting debt settlement companies is as wrong as the editorial...
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Jan 23, 2009
In Response to Lawsuit by State of California, Freedom Debt Relief (FDR) Vows to Fight for the Industry
The DOC and the County of San Mateo filed suit against FDR and certain of its affiliates in October, alleging that FDR’s business practices violate certain provisions of the California Financial Code...
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Dec 10, 2008
Executive Board Member Teresa Schumann to Present at 2009 Debt Buyers Association Conference
TASC announced that executive board member Teresa Schumann of Maximum Recovery in Irvine, Calif. has been asked to speak at the 2009 Debt Buyers Association International (DBA) annual conference in Las Vegas...
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Nov 24, 2008
TASC Announces Teresa Schumann’s Appointment to the Advisory Board of Credit and Collections News
The Association of Settlement Companies (TASC) announces that executive board member Teresa Schumann of Irvine, Calif., has been appointed to the advisory board of Credit and Collections News...
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Nov 20, 2008
The Association of Settlement Companies’ Executive Board Member Wesley Young Discusses Debt-Settlement Standards at FTC Workshop
TASC, a non-profit organization that promotes fair business practices, consumer protection and high industry standards for the debt-settlement industry, served as a featured presenter at the Federal Trade Commission’s workshop...
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Nov 17, 2008
Beware of Debt Scammers
Beware of debt scammers – National segment features TASC Executive Board Member Robby Birnbaum...
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Nov 17, 2008
Regulators Nix Credit Card Debt Forgiveness Plan
Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt...
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Oct 03, 2008
The Association of Settlement Companies Announces New Officers for Executive Board
The Association of Settlement Companies (TASC) announced today new officers for its executive board...
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Sep 24, 2008
Member of The Association of Settlement Companies \r\nHelps Consumer Survive Financial Hardship
The Association of Settlement Companies (TASC), a non-profit organization that promotes fair business practices, consumer protection and high industry standards for the debt-settlement industry announces a consumer success story...
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Sep 22, 2008
The Association of Settlement Companies Announces Annual Member Compliance Audit - TASC ”Secret Shopper” Program and Online Audit Ensures High Standards by Member Companies
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Sep 22, 2008
TASC 2008 Officers Press Release
Nicolas de Segonzac of Emico, Inc. was elected as TASC President, David Leuthold of Century Negotiations, Inc., TASC Vice President and Chris Kesterson of Debt Settlement America, TASC Treasurer...
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Sep 22, 2008
TASC 2008 Vision
The Association of Settlement Companies, (TASC) a non-profit organization, based in Wisconsin reaffirms its position as the leading voice for consumer protection in the debt settlement industry. Going beyond laws and regulations...
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Sep 18, 2008
FTC September Workshop Release
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Aug 20, 2008
The Association of Settlement Companies Announces New Members for the Second Quarter of 2008
The Association of Settlement Companies (TASC); INSERT INTO AMP_industrynews (Title, DateSubmitted, Body, brief) VALUES the national watchdog organization for self-regulating the debt settlement industry, is pleased to announce 28 new members for the second quarter of 2008.
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Jul 22, 2008
Court opinion helps define lawful operation of Debt Settlement in California - The Association of Settlement Companies Views Ruling as Positive for Industry Regulation in California
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Jul 10, 2008
The Association of Settlement Companies Announces John Philben as a Member of the Executive Board
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Jul 01, 2008
The Association of Settlement Companies Launches New Web Site
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Aug 14, 2007
Prepaid Scam
The Federal Trade Commission requested and received an order from a federal judge to halt an operation marketing VISA-and MasterCard-branded stored-value cards from making unauthorized debits from consumers' bank accounts...
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Aug 08, 2007
Consumer credit up more than expected
Consumers boosted their borrowing by a bigger-than-expected amount in June, reflecting another hefty jump in credit card debt...
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Jul 31, 2007
TASC™ Hands Over Association Management to Outside Firm
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Jul 31, 2007
Spring 07 “Mission Possible” Conference Pictures and Comments
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Jul 30, 2007
On The Road To Ruin: The Worst Money Mistakes You Can Make
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Jul 09, 2007
'Debt Elimination’ Defendants Settle FTC Charges Allegedly Failed to Deliver Guaranteed Lower Interest Rates
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Dec 26, 2006
Comments About the Fall 2006 TASC Conference
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Aug 10, 2006
Groundbreaking Consumer Debt Management Act Passes in Delaware's House
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Aug 10, 2006
TASC 1st Annual Conference – September 7 – 8 in Las Vegas, NV
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Aug 10, 2006
Colorado HB 1280
As previously reported, Colorado HB 1280 is a bill modeled after the UMDSA approved by NCCUSL...
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Aug 10, 2006
Colorado Bill Implementing the UDMSA Dies in Senate Committee
TASC is pleased to announce that Colorado HB 1280 did not pass in the Senate Committee today...
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