Advocacy groups say state debt settlement law not necessary

TIFFANY L. PARKS | Daily Reporter
Published: 06/25/2013

A bill that would carve out laws to regulate the debt settlement industry has been deemed unnecessary by the Ohio Poverty Law Center.

House Bill 173, a bipartisan measure sponsored by Reps. Louis Terhar and Dale Mallory, is a reworked proposal from the previous legislature that is designed to codify rules adopted by the Federal Trade Commission into state law.

“Ohio does not need this legislation,” said OPLC Senior Staff Attorney Linda Cook.

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