UDMSA & Debt Settlement Trade Associations
Due to the rise of debt settlement as a debt relief alternative to bankruptcy, groups working in the industry established trade associations to help secure industry standards that will protect consumers against unethical business practices. These trade associations were also established to lobby state governments to adopt the recommendations of the UDMSA. The two major trade associations are the United States Organization for Bankruptcy Alternatives (USOBA), and The Association of Settlement Companies (TASC) .
These organizations publish on their websites information about the UDMSA, debt settlement and the debt settlement industry.
Read more about this topic: Uniform Debt-Management Services Act
Famous quotes containing the words debt, settlement, trade and/or associations:
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“Whatever trade one is in, one will find some fault with it.”
—Chinese proverb.
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