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The contributors to the Consumer Law & Policy blog are lawyers and law professors who practice, teach, or write about consumer law and policy. The blog is hosted by Public Citizen Litigation Group, but the views expressed here are solely those of the individual contributors (and don't necessarily reflect the views of institutions with which they are affiliated). To view the blog's policies, please click here.

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Friday, July 22, 2011


Ivan Sanchez


I am Ivan Sanchez, a financial writer for many communities and I write articles on various topics related to Finance. I went through your and I acknowledge the interesting and informative content and appreciate the vivid presentation as well. Hence I propose you for a "Guest Post" in your site.

It would be a great pleasure if you allow me to write for your site.

I assure that the article would be absolutely original and will be published only on your site. If you want you can suggest us a topic and we write an article for you on that topic.

Hope to hear from you.


Ivan Sanchez

California Lemon Law

Yes we had about this news. This is really very sad news. In an economy battered by high unemployment, consumers awash in debt are paying increasing attention to debt consolidation companies promising easy debt relief. Consumer advocates warn that debt consolidation company promises are often too good to be true. I hope that the clients start pouring in, knowing that these attorneys will know how to fight the system.

Steve Rhode

I've now been to three meetings at the CFPB on this topic and they appear to be taking their role as a beat on the cop for all debt relief services seriously. Not only do they have their eye on debt settlement but abuses in the nonprofit credit counseling world as well.

This recent article by iWatch, which I assisted with, was actually not about debt settlement in general but the alleged abuses of one company, Morgan Drexen, ( ) which claims they are providing back office services to attorneys that claim they are exempt from consumer protection regulations to protect people from advanced fees for services they never receive. These attorney "loophole" models are under fire as regulators try to close the deceptive and abusive practices they continue to engage in.

The vast majority of the debt settlement industry was effectively cleaned up with the FTC Telemarketing Sales Rule addition made last year. Since then a majority of companies have gone out of business leaving performance based companies who are really trying.

The irony is the attorney backed debt settlement companies continue to engage in the same business practices that the FTC TSR eliminated. Right now in the debt settlement world it is the attorneys consumers need to fear and that's not the way it should be.

As an example, look at the stories about this firm

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