Straight talk about debt settlement from a highly experienced industry executive.
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Smart is the New Rich, If You Cant Afford It, Put it Down
An explosion of debt-settlement scams trying to get big fees from you to help ... Senators Chuck Schumer and Claire McCaskill have introduced legislation to ...
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Congressional Record, V. 145, Pt. 21, November 17, 1999 to December 3, 1999
Credit card debt has doubled between 1993 and 1997. to $422 billion from just over $200 billion. During this 2-year debate on this bankruptcy bill, ...
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BNA's banking report
Charles Schumer (DN.Y.). The abortion protest language will likely come up when the bill reaches conference or if Schumer attempts to add the amendment ...
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#OccupyWallStreet was just weeks old when Bill Gates, America's richest citizen taxpayer stood up in front of the G20 in France calling for a 'Robin Hood Tax' that would impose as little as a one-tenth of a penny fee on stock or bond transactions. Gates explained massive volumes of speculative, volatile computerized trades were preventing more productive sectors of business from attracting sorely needed capital.
The call for this same transaction fee was echoed by the Pope as part of his updated canons against the "obscene" unethical accumulation of wealth, intentionally hoarded "at the expense of others".
In Congress, Senate bills recently proposed call for Constitutional amendments to reverse the Citizens United ruling that granted horribly lopsided new powers for the wealthy to crowd out political messaging during elections via unlimited, anonymous media spending.
Not surprisingly, the Senate bill, co-sponsored by Chuck Schumer, Jeff Merkeley, Tom Udall, Sheldon Whitehouse, and Dick Durbin has been "whitewashed" for weeks - given virtually no coverage by the major media networks who expect to reap exorbitant profits on upcoming US elections for selling prime-time ad spots.
Debt Settlement Companies on Life Support and Two US Senators ...
Seattle, WA (PRWEB) June 11, 2010
New legislation called “The Debt Settlement Consumer Protection Act” was recently introduced by Democratic Senators Schumer (D-NY) and McCaskill (D-MO) in an attempt to protect consumers seeking debt relief from fraudulent business practices. But the consumer debt resource website Debt Help And Beyond reveals that some critics say the people who are really behind this legislation are motivated by something other than the best interests of consumers.
“Outrageous”… “appalling”… “wrong”… “profoundly un-American”… are just some of the words that Senator Jay Rockefeller, Chairman of the Senate Commerce, Science, and Transportation Committee, used to describe the actions of many debt settlement companies following a recent Senate Committee hearing on the ‘debt settlement industry and the consumer experience’. Not stopping there he went on to say that “These debt settlement companies are kicking people when they are down.”