WASHINGTON — Like doctors urging patients to prevent illness through exercise and a healthy diet, the Financial Services Roundtable is calling for improvements to credit counseling–improvements aimed at avoiding bankruptcy.
In a letter to the U.S. Department of Justice, the Roundtable emphasizes counseling based on financial literacy, general alternatives to bankruptcy and other informal work-out options.
Steve Bartlett, Roundtable president/CEO, wants to eliminate what the Roundtable sees as a dual system of credit counseling created by new laws requiring persons considering bankruptcy to receive counseling.
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