USOBA Legislative Chair to Speak at Consumer Federation of America Conference

John Ansbach to join panel speaking on proposed reforms to the debt settlement industry and what effect they may have on consumers

Washington DC (Vocus/PRWEB ) November 24, 2009 -- The United States Organizations for Bankruptcy Alternatives, a trade association dedicated to the advancement of consumer protection in the debt settlement industry, announced today that its Legislative Chairperson, John Ansbach, will be speaking on a panel at the Consumer Federation of America’s “The Consumer in the Financial Services Revolution Conference.” The Conference will be held on December 3rd and 4th at the Embassy Suites Convention Hotel in Washington DC.

The Consumer in the Financial Services Revolution Conference.

The Consumer in the Financial Services Revolution

I look forward to discussing the proposed reforms, especially in light of the fact that many honest, ethical debt settlement companies – including many small businesses - will be forced to shut their doors if certain proposed regulations are enacted

Debt settlement is an important, viable option for Americans who are drowning in debt - regulators and legislators need to provide those Americans with strong consumer protections while preserving the ability of law-abiding businesses to provide them with services

The Consumer in the Financial Services Revolution

This year marks the twenty-first anniversary of the “The Consumer in the Financial Services Revolution” conference. According to the CFA, the goal of the conference is to keep consumer advocates and educators informed about banking, insurance, investment, and housing issues that are affecting consumers. The Consumer Federation of America plans the conference with the assistance of several consumer groups and the financial services industry.

The event will include keynote speeches, debates, and panel discussions for speakers to discuss new research, new policy proposals, and legislative and regulatory prospects. Attendees will be able to question speakers and also participate in a “breakfast dialogue” where they can engage in focused discussions with other attendees.

Ansbach will be participating in the Debt Settlement Abuses and Proposed Reforms Panel alongside representatives from the Federal Trade Commission and the National Foundation for Credit Counseling. The panel will discuss the recently proposed consumer protective measures the FTC may establish in regard to the debt settlement industry, and what impact these new regulations could have on the industry and on consumers.

“I look forward to discussing the proposed reforms, especially in light of the fact that many honest, ethical debt settlement companies – including many small businesses - will be forced to shut their doors if certain proposed regulations are enacted,” Ansbach said. “Debt settlement is an important, viable option for Americans who are drowning in debt - regulators and legislators need to provide those Americans with strong consumer protections while preserving the ability of law-abiding businesses to provide them with services,” Ansbach said.

All those with an interest in consumer financial services issues are welcome to attend. The conference begins at 8:00 a.m. on Thursday, December 3 and ends at 12:15 pm on Friday, December 4, 2009. The conference will be held at the Embassy Suites Convention Center Hotel, 900 - 10th Street, NW, Washington, DC. More information about the CFA “The Consumer in the Financial Services Revolution” conference can be found online at www.consumerfed.org

About USOBA
USOBA is dedicated to providing its member companies with important, industry-related information, including compliance requirements, as well as advocating on behalf of its membership for fair and appropriate industry regulation that maintains the utmost in consumer protection. USOBA members are provided a USOBA State Law Summary guide, the only one of its kind in the industry, to better ensure and promote national compliance. This guide contains the laws and regulations, state by state, and has been reviewed by regulators and legislators. For further information, please visit www.usoba.org.

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