January 20, 2012 - 9:30 AM - 10:30 AM MT

"Understanding the Relationship between Money Transmitter Laws and Regulations and Debt Management Plans" at AICCCA's Mid-Winter Conference

This event has already occurred.
Hotel Valley Ho
6850 E. Main Street
Scottsdale, AZ 85251

Jonathan Pompan will speak on various legal and tax-exemption issues facing credit counseling agencies at the Association of Independent Consumer Credit Counseling Agencies 19th Mid-Winter Conference.

Since the early 2000’s the legal and regulatory framework of consumer protections for offering and providing debt management plans (and other repayment programs) has evolved. At the same time, there are state and federal laws and regulations for money services businesses, including the Bank Secrecy Act, the U.S.A. PATRIOT Act, and state money transmitter licensing requirements, which are just as important as state debt adjusting laws. This session will cut through the myths and uncertainties about the relevant requirements and provide straight-forward explanations of the differences between state debt adjusting laws and state money transmitter laws, to whom they apply, and what they require. This discussion will feature one of the industry's leading attorneys who will share some insights on the potential impact of these requirements on your business and where state and federal regulators – including the Consumer Financial Protection Bureau – may be headed next.

For more information, visit AICCCA's website.