New Era Debt Solutions Backs FTC Ban on Upfront Fees With Enthusiasm

Posted | 1 comment

Last week the Federal Trade Commission announced its breakthrough FTC regulation aimed at protecting unsuspecting consumers from unscrupulous practices by some debt relief and debt settlement companies. Although surprising to some, New Era Debt Solutions had a one-word response: “Finally!” Among other things, beginning October 27, it will be illegal for companies to charge any fees before a debt is settled, and New Era Debt Solutions feels this is the way business should be done. The FTC regulation became necessary due to...