ConsumerDebt and New Federal Credit Card Act (C.A.R.D.) to be Topic of March 9, 2010 NPR Program

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Dr. Robert D. Manning, PhD to be featured on the 11:00 a.m. "The Diane Rehm Show”

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Dr. Manning will discuss his groundbreaking consumer debt capacity assessment software and its role in the first legal nonprofit, partial payment alternative to debt settlement and bankruptcy.

A common-sense discussion of what every American consumer should know about their rights and credit card holder responsibilities for their debts and the new federal credit card regulations will be the topic of National Public Radio’s “The Diane Rehm Show” set to air on Tuesday, March 9, 2010 at 11:00 a.m. (Eastern time). The featured guest will be Robert D. Manning, PhD, author of [Credit Card Nation] and [Living With Debt], editorial advisor to the recent documentary [In Debt We Trust: America Before the Bubble Bursts], and founder of the nonprofit Responsible Debt Relief Institute.

Dr. Manning, one of the first scholars to forecast the collapse of the U.S. housing market and the 2007 "consumer-led" recession, will explain the role of banking deregulation and financial engineering in the rise of credit card debt. Based on his research, he has predicted a "double-dip" recession by summer 2010 if appropriate housing recovery policies are not pursued by the Obama Administration.

As founder of the Responsible Debt Relief (RDRTM) Institute and architect of the Debt Resolution PlanTM (DRPTM), Dr. Manning will discuss his groundbreaking consumer debt capacity assessment software and its role in the first legal nonprofit, partial payment alternative to debt settlement and bankruptcy. This program is for consumers that can repay between 20% and 70% of their unsecured debts over three years and is administered by the nonprofit AAA Fair Credit Foundation --- an award-winning consumer credit counseling agency. The objective of the RDRTM/DRPTM is to improve bank collections in order to increase future consumer lending while enabling financially distressed households to avoid bankruptcy by developing realistic repayment plans based on their financial capability.

For more information on how your organization and clients can utilize the resources of the RDR technology system please contact Ed Koziol at 407 376 5457.

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Molly Weimer
Responsible Debt Relief Institute
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