Preemptive Federal Law to Regulate Credit Counseling – Call for Submissions and Legislative Recommendations

The credit counseling industry invites all interested parties and stakeholders to provide legislative recommendations for a single preemptive federal law to regulate the industry. Submissions should address specific areas of law such as licensing requirements, bonding, trust accounts, disclosures, investigations, penalties, data security and monetary controls.

The Federal Legislative Summit welcomes the input and participation of all credit counseling agencies, creditors, consumer groups, legislators, federal regulators, state regulators and all other interested parties.