January 21, 2010 - 2:00 PM - 2:45 PM ET

"Will New Laws Help or Hinder Nonprofit Credit Counseling? A Look at the Legal Opportunities and Challenges Confronting the Credit Counseling Industry" at the Association of Independent Consumer Credit Counseling Agencies' Mid-Winter Conference

This event has already occurred.
Walt Disney World’s Contemporary Resort
4600 North World Drive
Lake Buena Vista, FL 32830

You can’t turn on the television or read a news article these days about the economic crisis and the impact on consumers without seeing some reference to the role of nonprofit credit counseling agencies as trusted sources for education and counseling. At the same time, there has been an explosion in debt relief advertising matched by a steady stream of both non-public and publicly-disclosed law enforcement actions against marketers of such services and a Federal Trade Commission rulemaking focused on debt relief services. On top of it all, financial institutions are in the crosshairs of lawmakers looking to overhaul the nation’s financial regulation system resulting in proposals that may capture credit counseling agencies. Finally, Chase has announced it will no longer do business with debt settlement companies and instead intends to work with nonprofit credit counseling agencies on settlement options; will other creditors follow suit?

This is a pivotal time for the credit counseling industry, both from a regulatory and an economic perspective. Hear what this all means for your organization and how it impacts debt and budget counseling, DMPs (including new less-than-full-balance plans), housing counseling, bankruptcy counseling, and more. Two of the nation’s leading attorney’s will cover the latest in federal and state regulatory developments, areas of legal change on the horizon, tax-exemption issues beyond IRS audits, and emerging trends which credit counseling agencies should be aware of in order to avoid pitfalls and seize opportunities to assist consumers in need.

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