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Article: Debt management bill riles agencies
- Article from:
- Tribune-Review/Pittsburgh Tribune-Review
- Article date:
- June 4, 2008
- Author:
CopyrightCopyright 2008 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. (Hide copyright information)
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The state Senate Banking and Insurance Committee is to vote today
on a controversial bill that would open up the consumer debt
management field in Pennsylvania to for-profit companies.
Nonprofits such as South Side-based Advantage Credit Counseling
Service are vigorously battling the measure and a similar House bill
that would allow corporations such as CareOne Services Inc. of
Columbia, Md., to sell debt "pooling" services to consumers frazzled
over high credit card billls and, the agencies say, vulnerable to
making poor choices.
"Why the urgency now?" Advantage CEO Steven J. Piotrowski asked,
referring to the bills, although he pointed to the Internal Revenue
Service's ongoing audits of ...