Tuesday, April 05, 2005

credit counseling program

In addition to the AmeriDebt litigation, Leary explained that the
FTCÂ’s law enforcement efforts currently include several non-public
investigations of credit counseling agencies. The CommissionÂ’s
testimony also mentions a February 2004 lawsuit against two debt
negotiation companies (Innovative Systems Technology, Inc., and
Debt Resolution Specialists, Inc.), a September 2002 lawsuit against
another debt negotiation company (Jubilee Financial Services, Inc.),
and numerous cases under the Credit Repair Organizations Act
(CROA), including sweeps like Operation Eraser and Operation
New ID-Bad IDea.


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