The government has decided that people need protection from debt relief IE the “debt settlement consumer protection act” this law will put most of the settlement industry out of business and leave those in debt with no choice but bankruptcy when they cannot afford the outrageously high interest rates the banks are charging. It is my humble opinion that the government needs to stop passing laws that do the opposite of their names. This law will not only not protect consumers but will further hurt them. The settlement program I represent is helping hundreds of clients get out of debt at a monthly payment they can afford. If this law passes it will make it impossible to pay for the work needed to be done to process clients. Much like the paycheck protection act this law does not do what it says and we are called scammers when the politicians & the banks are the ones scamming the consumers.
Adam
