As explained in this article from today's Washington Post, the Federal Trade Commission has just issued tough rules aimed at curbing the deceptive practices of the debt relief industry. The article explains:
The Federal Trade Commission issued stringent new rules cracking down on the burgeoning debt-relief industry . . .. The new regulations prevent any for-profit debt-relief company from collecting advance fees as of Oct. 27 . . .. Starting Sept. 27, it also requires companies to disclose how much the process could cost and how long it may take consumers to see results. The FTC also set new rules for creating and managing the accounts consumers use to save money to pay off debt. Advertising claims were also restricted.