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The Price of Bailout: A New Era in
Consumer Credit Regulation
by Philip S. Corwin, AICCCA Creditor Representative
In the fall of 2008 the Federal government began a massive "bailout" of the financial services sector. The unprecedented expenditure of hundreds of $billions in capital to prevent economic meltdown carried a heavy price tag - not only in repayment liabilities and controls on executive compensation but in rigorous new regulation designed to prevent a recurrence of high-risk practices and to implement the new Administration's very different vision of what 21st century financial regulation should look like. Although far removed from the central causes of the financial crisis, credit card issuers were unable to halt or even make major changes to newly enacted legislation that inalterably changes their business practices, most especially their ability to make swift changes in terms and conditions in response to perceived increases in borrower risk...[ more ]
Like to plan ahead? Here are some dates for upcoming conferences:
17th Mid-Winter Conference- January 20-22, 2010, Disneyworld's Contemporary Hotel in Orlando, reduced rate of $225, call 407-824-3869 and ask for "Association of Independent Consumer Credit Counseling Agencies" block of rooms.
17th Annual Conference-July 21-23, 2010, the Four Seasons Hotel, Washington, D.C., reduced rate of $245, call 202-944-9157 and ask for "Association of Independent Consumer Credit Counseling Agencies" block of rooms.
18th Mid-Winter Conference-Location and dates TBD
18th Annual Conference-July 19-22, 2011, the Four Seasons Hotel, Washington, D.C., reduced rate of $245, call 202-944-9157 and ask for "Association of Independent Consumer Credit Counseling Agencies" block of rooms.
Public Relations News
by Ken Scott
AICCCA had a busy June in the media. Dave Jones was quoted in two USA Today stories, one of which appeared on the front page...[ more ]
InCharge Debt Solutions recognized for commitment to customer satisfaction
InCharge Debt Solutions (IDS) has been recognized by the National Business Research Institute (NBRI) for its commitment to customer satisfaction...[ more ]
Pioneer Connects with the Community
by Nate Anderson, Pioneer Credit Counseling
Pioneer Credit Counseling participated in the 2009 Black Hills Homeless Connect hosted by the Black Hills Homeless Coalition on June 11th. The Homeless Connect event provides...[ more ]
Triangle Area, NC July 7, 2009 - Consumer Education
Services, Inc. and NC Cooperative Extension are pleased to announce Homebuyer Education Workshops will begin this month.
The first Workshop for 2009 will be offered on August 4, 5 and 6 2009 from 6:00 to 8:30 p.m. at the Wake County Office Park off Poole Road... [ more ]
Consumer Education Services Inc. announces the Results of their recent customer satisfaction survey.
Raleigh, NC - Consumer Education Services Inc. announces the results of its recent customer satisfaction survey... [ more ]
PMB 626, 13350 Random Hills Road Suite 800 Fairfax, VA 22030-6044
AICCCA’s Members operate over 250 individual offices in 38 States which includes some of
the largest agencies in the United States. AICCCA members represent over 630,000 consumers on active debt repayment plans and we counsel and train many times that number annually.
All our members are Non-Profit agencies.
