State Regulators to Address Credit Counseling Conference | Harga.us

State Regulators to Address Credit Counseling Conference










Washington, DC (PRWEB) October 26, 2005

Regulators from five states will address the American Association of Debt Management Organizations? (AADMO) Fall Conference. The panels will discuss current enforcement efforts, license requirements and the specific elements of the laws.

?We have regulators from five states that are going to provide a detailed examination of their respective state laws and share their views about credit counseling. This is a valuable opportunity for credit counseling agencies to learn about legal compliance,? said Mark Guimond, Executive Director of the American Association of Debt Management Organizations (AADMO), the trade association for the credit counseling industry.

?Given the recent wave of enforcement activity on the state level and the many changes in state law, credit counseling agencies should use this time to make sure they learn the law directly from the enforcers, ask questions and be compliant,? added Guimond.


Joseph Borg, Alabama Securities Commissioner

Regina Stone ? Deputy Superintendent of Banks, New York State Banking Department.

Michael Jackson ? Director of Regulatory Policy, Maryland Department

of Labor, Licensing, and Regulation

Carri Grube ? Program Coordinator for Consumer Credit Counseling, South Carolina Department of Consumer Affairs

Robert Charlton ? Asst. Superintendent, Arizona Banking Department

Anthony Polidori ? Supervising Examiner, Idaho Department of Finance, Consumer Finance Bureau

The AADMO Fall Conference will be held on November 8 and 9, 2005 in Scottsdale, Arizona.

ABOUT AADMO

AADMO is the credit counseling and debt management industry?s largest trade association. It is an industry education and advocacy organization whose mission is to promote and ensure the continued operation and viability of credit counseling and debt management organizations. AADMO provides its members and the consumer public with information about the credit and debt counseling industry. AADMO members are consumer credit counseling agencies, debt management organizations, credit counselors, personal finance educators, credit and debt information educators, consumer lawyers and many others.

AADMO is the only trade association to have held state law compliance workshops with the New York State Banking Department and the California Department of Corporations upon enactment of their respective laws governing credit counseling and AADMO is the only trade association for the industry to publish a formal summary of state laws that has been reviewed by state regulators.

For more information visit http://www.AADMO.org or call 540-548-1965.

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