During the first half of 2011, there was a great deal of federal
and state legal and regulatory activity touching on credit
counseling and debt services. And, with the rollout of the new
Consumer Financial Protection Bureau – which will
regulate credit counseling agencies, debt settlement companies, and
housing counseling providers – now well underway, there
are no shortage of developments on the horizon.
Below is a list of the best of the credit counseling and debt
services-related legal articles and PowerPoint presentations
published or delivered by our attorneys over the first half of the
year. We have put together some very interesting, useful materials
that should be of help to your organization as you tackle the
always challenging array of legal issues facing credit counseling
and debt services providers.
To read any of these articles, alerts, or PowerPoint
presentations, please click on the title.
CFPB Targets Debt Relief Services Market for
Supervision
Nonprofit Executive Compensation: Why You Should Be Concerned
about Private Inurement and Excess Benefit Transactions and What
You Can Do to Avoid the Tax Pitfalls
Telemarketing Sales Rule, Credit Repair Organizations Act, and
Litigation Risk Developments
The New Challenges Facing the Credit Counseling Industry and
What It Will Take to Survive
IRS Denies 501(c)(3) Status to Bankruptcy Counseling
Agency
California DFI: CA Money Transmission Act Does Not Apply to
Credit Counseling Agencies
U.S. Supreme Court Upholds Class-Action Waivers: What It Means
for Consumer Product and Service Providers
Considerations in Mergers and Asset Transfers of Credit
Counseling Agencies
Internal Revenue Code Section 501(q) and Its Critical
Implications for the Nonprofit Housing Counseling Industry in Light
of Recent IRS Guidance
What's on the Horizon for Credit Counseling in 2011 and
Beyond? Legal and Regulatory Outlook
The Legal Aspects of Using Social Media: How to Avoid the
Pitfalls and Capitalize on the Opportunities
The Dodd-Frank Act and Implications for Nonprofit
Organizations
2011 Legal and Regulatory Outlook for Credit Counseling
Agencies
Congress Clarifies and Limits FTC ID Theft Red Flags Rule to
Take Effect January 1, 2011
A Collection of Venable's Credit Counseling and Debt
Services Legal Articles and Presentations from the Second Half of
2010
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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