Understanding the Debt Settlement Industry and Leveraging Debt Settlement Accounts to Increase Recoveries in a Distressed Economy
Sponsored by:
This free workshop will provide a comprehensive overview of the debt settlement industry, outlining the various business models employed by the industry and highlighting key industry metrics. An overview of the current regulatory landscape will be presented and proposed state and federal regulation and legislation will be discussed. A panel discussion led by industry executives from the credit and collections industries will outline proven techniques and strategies for locating debtors enrolled in debt settlement programs and analyzing these accounts to uncover highly-liquid settlement opportunities.
Attendance is FREE, but registration is required.
12:00 – 12:45 pm
Part I Debt Settlement Industry Overview
This presentation will provide a history of the debt settlement industry and its growth over the past ten years. An explanation of the various business models employed today will be discussed and key industry metrics outlined. In this session you will learn about the profile of the debt settlement client, the factors that cause them to seek debt settlement as a solution for resolving their debts and the value delivered to the consumer through this channel. Future trends of the industry, classes of debt enrolled and emerging technologies to aggregate this channel will also be discussed.
Teresa Schumann-Dodson
Executive Board Member – The Association of Settlement Companies (TASC)
COO – Persolvo Data Systems
12:45 – 1:30 pm
Part II Overview of The Association of Settlement Companies (TASC) –
Self Regulation and Governance of The Debt Settlement Industry
This session will provide an overview of the history and formation of The Association of Settlement Companies (TASC) and the efforts this industry trade association is undertaking to develop standards of operation for member companies that are designed to ensure compliance with State and Federal regulatory requirements though self-governance, review and auditing of its membership. This session will also outline the consumer protection efforts the association is undertaking as well as provide an overview of the type of legislative and regulatory proposals the association supports and is working to have enacted at the state and federal levels.
Dave Luethhold
Co Founder and Vice President – The Association of Settlement Companies (TASC)
President – Century Negotiations, Inc.
1:30 – 2:30 pm
Part III Legislative Update
State and Federal Legislative and Regulatory Overview
This session will provide a comprehensive overview of the regulatory and legislative issues facing the debt settlement industry today. A detailed explanation of recent legislation passed in Tennessee that regulates the debt settlement industry, and for which TASC was instrumental in helping to introduce, will be discussed. Other regulatory issues relating to the FTC, Consumer Financial Protection Act and updates on recent legislation introduced at the state level will be discussed.
Wesley Young
Legislative Director – The Association of Settlement Companies (TASC)
General Counsel – American Debt Exchange, Inc.
2:30 – 2:45pm REFRESHMENT BREAK
2:45 – 4:00 pm
Part IV Panel Discussion and Q & A
Leveraging Debt Settlement as a Recovery Channel
Strategies for Creditors, Debt Buyers and Third Party Collectors
Panelists
Carmine Dorio
Senior Vice President
Progressive Financial
Dan Buell
Vice President, Credit Services Marketing
Experian
Teresa Schumann-Dodson
Executive Board Member – The Association of Settlement Companies (TASC)
COO – Persolvo Data Systems
John Furjanic
President
ROI Solutions LLC
Dave Leuthold
Co Founder and Vice President - The Association of Settlement Companies (TASC)
President and CEO - Century Negotiations, Inc.
Wesley K. Young
Legislative Director – The Association of Settlement Companies (TASC)
General Counsel – American Debt Exchange, Inc.
Douglas Jacobsen
CEO – JH Debt Equity Holdings, LLC