8

Apr

Debt-settlement bill shelved for now in Georgia

Posted By: Administrator

Category: Articles

Debt settlement companies — for-profit firms that offer to help consumers get out of debts for less than they owe — are trying to get a foothold in Georgia.

But members of the state House banking committee on Monday shot down a version of a bill that would permit the companies to operate. Some consumer groups had asked lawmakers to take more time to weigh the measure.

The bill, HB 465, could be revived and presented in the state Senate or be attached to another piece of legislation.

 

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