We are pleased to see the FTC take a closer look at the debt settlement industry outside of a complaint setting
MADISON, Wis. (PRWEB) September 17, 2008
The FTC is hosting the workshop to further investigate the growth of the for-profit debt settlement industry and review its impact on businesses and consumers.
Wesley Young, executive board member for TASC and general counsel for Debt Settlement America, will represent TASC and speak on behalf of the debt settlement industry at the FTC workshop.
"We are pleased to see the FTC take a closer look at the debt settlement industry outside of a complaint setting," said Young, who also serves as TASC legislative director. "The discussion panel will consist of creditors, consumer groups and regulators, and TASC looks forward to addressing these groups and the FTC directly. This is a great opportunity for TASC to share why debt settlement is a viable and thriving debt relief option, and to discuss how the industry can help self regulate and contribute to consumer protection."
TASC protects the rights of consumers through education on debt settlement, shares objective insight and expectations on the debt settlement process with consumers, and gives consumers confidence in partnering with its members.
Today, TASC's 150 members include debt settlement companies, industry vendors and law firms.
About The Association of Settlement Companies (TASC)
The Association of Settlement Companies (TASC) promotes fair business practices, consumer protection and industry standards for the debt settlement industry. TASC, founded in 2005, serves to protect consumers through an organization seal that represents best practices and standards of reputable companies. The organization also protects its member companies through lobbying efforts at the state and national levels, as well as awareness initiatives to educate consumers on debt settlement as a financial solution. All TASC member companies are in compliance with strict association bylaws governing business practices and ethics. For more information, visit http://www.tascsite.org.