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.

Northeast Ohio Medical University

Akron Children's Hospital

Hennes Paynter Communications


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

Cleveland deal ramps up civilian oversight of police
i would like to see police get mandatory psych evals one a year from out side the department.

The generation gap in care for developmentally disabled Ohioans
I don't understand how a few hours a day of caregiving can possibly help a person who lives with complex/multiple disabilities. Many waiver recipients totally d...

Marijuana referendum may change more than pot's legal status in Ohio
If our representatives would act in accordance with the will of the people things like this wouldn't happen. They dragged their feet and blocked discussion on t...

Area pastors and congregation members protest justice system
I live in Cleveland. trust me when I say the high incarceration rate is due to the high crime rate.

H1-B visa limits inhibit Cleveland startups and tech ventures
End the Indian h1-b visa scam now! Rishi Oza and other Indian operatives continue to lie both about the 'need' for these visas and the qualifications of Indians...

Ohio's attorney general rejectsthe latest proposal to legalize marijuana
i think the ag launguage is money hes talking about drug companies must pay him more than responsible ohio can

PBS documentary chronicles the fall of Saigon through new footage and stories
Hi, Does anyone know the number - in the pbs special "Last Days of Vietnam" documentary, of how many Vietnamese were evacuated? Please e-mail me the answer. T...

Protest planned at tomorrow's FirstEnergy meeting
The problems of the poor and downtrodden have nothing to do with First Energy. They are the result of Republican legislators who consistently reduce taxes on th...

Ohio bill would help smaller communities with LGBT discrimination laws
Do we not try and have rights for all individuals equally? On the HUD list of "preferred" candidates who get "special consideration" it states that: For purp...

Ohio likely will continue with two types of police academies
Wake up people your wanting a Harvard law school education for a job that may pay a little over the poverty level. I don't know anyone who could support a wife ...

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