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House committee hears heated debate over bill to allow regulated debt‑resolution services in Oregon
Summary
Proponents argued HB 4,141 would give Oregonians another regulated option to reduce unsecured debt; opponents — including National Consumer Law Center and community credit counselors — warned the bill removes fee caps, could enable predatory practices and conceal conflicts of interest. Committee members requested comparative data and enforcement clarifications.
The House Committee on Commerce and Consumer Protection heard extensive, divided testimony on House Bill 4,141, which would create a regulatory framework to allow debt resolution (debt‑settlement) providers to operate in Oregon.
Sponsors Representative Vicki Breece Iverson and Representative Emerson Levy said the bill would provide an additional pathway for Oregonians facing unmanageable unsecured debt, pointing to relatively low use of debt resolution in Oregon compared with other states and saying the bill creates registration, bonding and disclosure requirements.
Opponents warned of consumer harms. Andrew Pizer, a staff attorney at the National Consumer Law Center,…
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