How will this affect your business?

by admin on July 29, 2010

USOBA would like to update you on the status of The Federal Trade Commission’s (FTC) amendment to the Telemarketing Sales Rule (TSR) as it applies to debt relief services. In a press announcement earlier this afternoon, Chairman Jon Leibowitz of the FTC announced a final amendment to the TSR.

An initial review has revealed that despite many positive consumer protective measures taking effect September 27, 2010, the amendment also includes a provision banning advanced fees effectiveOctober 27, 2010.  The USOBA legislative team has promoted and advocated for a pay-as-you-go fee model that allows small businesses to collect fees for services provided while protecting consumers from heavy, up-front fees. Unfortunately, fee provisions in the rule provide that, “you can’t collect any fees from a customer before you have settled or otherwise resolved the consumer’s debts.”

USOBA has scheduled a member-wide, legislative conference call to address your comments, questions and concerns. Please see conference details below:

Who: USOBA Legislative Team and Membership
What: FTC Amendment to the TSR as it related to the Debt Relief Industry
When: Friday, July 30 at 1:30CST
Where: 978-964-0031 Passcode: 6327487#

We request that all participants review the information provided below and submit questions prior to or during the call via email to khowerton@usoba.org. Due to a high volume of participants, all lines will be muted and all comments, questions and concerns can be communicated to call participants via this email address.

FTC Press Release: http://www.ftc.gov/opa/2010/07/tsr.shtm
FTC TSR Guide for Debt Relief Companies:http://www.ftc.gov/bcp/edu/pubs/business/marketing/bus72.pdf
FTC TSR Final Rule: http://www.ftc.gov/os/2010/07/R411001finalrule.pdf

Thank you for your immediate attention to this matter, and we look forward to tomorrow’s call.

Sincerely,

The USOBA Team
www.USOBA.org
1-877-76-USOBA
713-456-2837 fax

We’re here to help your business grow fast. Your business can grow and it can grow fast.

You want to do more deals.  You want to help people consolidate their debt.  You want to be connected with an endless flow of people with real and immediate needs for the exact service you offer.  On one hand, it seems so far fetched for you to be able to experience such an easy win.  On the other hand, it’s very doable.  The dreams that propelled you to launch your own business, your dreams of wealth and what that means to you on a deeper level, are here now.  It’s your turn to succeed.  I can help you reach your dreams because an endless flow of people, real people, good people seeking your immediate help can be brought to your office, phone or email.  Tell me about your business.  Tell me what works and what doesn’t, what makes the most profit for your company, what’s your easiest deal to do and about your goals.  I want to know your goals.

Fortunes are made during depressions.  The time is now.  Call and let’s have a conversation.  It’ll be great connecting with you.

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