News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

NOCHE

The Holden Arboretum

Meaden & Moore


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Ohio


Consumer counseling for-profits push lawmakers for changes in Ohio
Trade group says it would keep bad apples out; opponents say it will weaken Ohio's consumer protections
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
In The Region:

Ohio lawmakers may open the door during their lame-duck session for companies that charge up-front fees to help consumers settle their credit card debts. WKSU’s M.L. Schultze has more.

SCHULTZE: Lame-duck lobbying

Other options:
Windows Media / MP3 Download (1:06)


The American Fair Credit Council – a trade organization for companies that make money up front by offering to help consumers settle bad debts -- has been pushing House Bill 542. It would license so-called debt settlement operators and would forbid them from unfair or misleading practices.

But it also exempts them from Ohio’s Debt Adjusting Act and imposes no caps on how much the operators can charge people up front.

The Dayton Daily News is reporting that the industry says the bill would keep bad apples out of the state.  But opponents, including the Ohio Poverty Law Center and Policy Matters Ohio, say the bill would legalize a loophole from the state’s consumer protection laws.

The chairman of the House Financial Institutions Committee, Richard Adams of Troy, says he’ll hold  another hearing the bill Wednesday, and told the Daily News he’ll know then if the bill has the momentum it needs to pass the House and Senate before Dec. 31. Any bills not passed by then will have to be reintroduced.

Attorney General Mike DeWine’s web site includes  cautions about for-profit debt settlement programs, saying they can be risky and expensive and suggesting you try to reach creditors on your own.

 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Letters from a lost friend: A Beachwood survivor's Holocaust remembrance
What a great story -- and how important it was for both Marlene and her mother to tell it! Thank you.

Akron city council to vote on resolution for hiring ex-offenders
Great as a taxpayer I paid for the police to catch them, the free lawyer, the jail to house them , the food their kids eat the medical for them and all its goin...

5 of 8 rule headed for a vote
this is just another way for kasich to pass the buck and claim that it gives the local districts control. Few schools have enough money because of his cuts. T...

Bill would allow Ohio religious leaders to refuse to do gay marriages
This is just a lot of political posturing. The free exercise clause of the 1st Amendment already protects clergy from being forced by civil authorities to perfo...

Ohio lawmakers want to eliminate background checks, training to carry guns
On the face of this report I don't find the name of the bill or who sponsered it. I will have to google a general bill with this as its content to address it. N...

Ohio lawmaker calls for an investigation into a Dayton women's prison
I was an inmate at DCI and I am so happy that it's being investigated. The staff behavior there is awful unless he/she is your lover. There are more drugs insid...

Ohio's disabled face long waiting list for services
Can we use the Tribble on Disability Care? if so can you send the link to http://voice4thevoiceless.us thank you, Mark J Cleland Sr voice4thevoiceless.us

Treasures rescued from Cleveland's closed Catholic churches
This was found to be a real gift today Good Friday Bless you for your work

Akron mayor says he had reason to fear an "enraged" councilmember
At least we know that York is out sick. Where in the World is Carmen Plusquellic today?

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University