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Public hearing held on bill to license debt-resolution providers and require consumer safeguards
Summary
House Bill 3,779 would require registration and consumer protections for debt-resolution service providers; the committee held a public hearing with sponsor testimony and virtual testimony from the American Association for Debt Resolution.
The committee held a public hearing on House Bill 3,779, which would define and regulate debt resolution services and providers, require registration with the director of the Department of Consumer and Business Services (DCBS), and specify consumer disclosures, record-keeping and restrictions on provider actions.
Representative Vicky Breeze Iverson, sponsor of the bill, said Oregon has among the highest consumer-debt burdens and that existing state law caps inhibit…
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