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.

Levin Furniture

Meaden & Moore

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

From warehouse to writer: Terry Pluto's Thanksgiving thank you
Dear Terry: On my 8th cup of coffee trying to get Thanksgiving "Brunch" done ahead of time because I work nights. However, I just had to stop to contact yo...

The first big private gift comes in for the pro football HOF project
The HOF has needed a shot in the arm for many years and this project will go a long way to getting the attraction the attention it deserves (next: upgrad...

Environmental study nears completion in East Liverpool
Twenty years ago my twin sister and I protested the building and operation of the WTI facility citing several studies that indicated the risk of cancer due to ...

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

Ohio company cuts off a dairy supplier after allegations of animal abuse
these people should be held accountable for their actions. i would be more than pleased to see a year or more behind bars. i will NEVER eat anything that comes ...

Copyright © 2014 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