Louisiana 2012 Regular Session

Louisiana Senate Bill SCR146

Introduced
5/30/12  
Passed
5/31/12  

Caption

Requests the Senate Committee on Commerce, Consumer Protection, and International Affairs and the House Committee on Commerce to study the regulation of debt settlement services.

Impact

The resolution seeks to address the lack of regulatory framework governing debt settlement services in Louisiana. By prompting a study into regulation, the resolution aims to create a structured approach that could enhance consumer protections against potentially exploitative practices by debt settlement companies. Such regulation could ensure that those who provide these services do so in a manner that is honest and beneficial to vulnerable consumers seeking help with their debts.

Summary

Senate Concurrent Resolution No. 146, sponsored by Senator Appel, urges the Senate Committee on Commerce, Consumer Protection, and International Affairs and the House Committee on Commerce to jointly study the regulation of debt settlement services in Louisiana. The resolution recognizes the significant number of residents in Louisiana facing debt issues and emphasizes the importance of ethical and efficient services provided by debt settlement companies. Currently, these services are not regulated by the state, which raises concerns about the protection of consumers utilizing such services.

Sentiment

The sentiment surrounding SCR146 appears to be supportive, particularly among consumer protection advocates and those concerned with financial ethics. There is a recognition that while many services are potentially beneficial, the lack of oversight can lead to abuses and scams that further complicate the financial situations of struggling residents. The call for a study reflects a proactive approach to ensuring that help is rendered ethically and efficiently, contributing to a more secure financial environment for consumers.

Contention

While the resolution does not appear to encounter substantial opposition, discussions around regulation of debt settlement services may raise questions about the balance between consumer protection and the operational freedom of these companies. Some stakeholders might argue against regulation, fearing it could impose burdensome requirements that limit the availability of services. Nevertheless, the overarching goal of protecting consumers remains a critical point of consensus, highlighting the need for a careful approach to any potential regulations.

Companion Bills

No companion bills found.

Previously Filed As

LA SR234

Requests the Senate Committee on Commerce, Consumer Protection, and International Affairs to study the licensing of commercial driving schools.

LA HCR22

Urges and requests the House Committee on Commerce and the Senate Committee on Commerce, Consumer Protection, and International Affairs to study the effects that the railroads have on broadband deployment

LA SR210

Urges the Senate Committee on Commerce, Consumer Protection and International Affairs to study the laws governing motor vehicle commissions in the United States.

LA SCR114

Requests the Senate Committee on Senate and Governmental Affairs and the House Committee on House and Governmental Affairs to study the issues relative to the merger of one or more state departments.

LA SR202

Requests the Senate Committee on Commerce, Consumer Protection and International Affairs to study the feasibility of attracting an existing Major League Soccer franchise or expansion team to locate in Louisiana.

LA SSR1

Requests the Senate Committee on Commerce, Consumer Protection and International Affairs to study the feasibility of developing an incentives plan that rewards private businesses and industry that voluntarily share cyber threat and defensive measures.

LA SCR83

Requests the Senate and House governmental affairs committees to study "lean" principles and their application to state agencies.

LA SCR89

Request the Senate Committee on Senate and Governmental Affairs and the House Committee on House and Governmental Affairs study the feasibility of establishing a more expedient transition for local elected officials to take office.

LA SCR130

Request joint committee to study the horse racing industry and regulation thereof.

LA SCR3

Requests the Senate Committee on Senate and Governmental Affairs and the House Committee on House and Governmental Affairs study the possibility of requiring background checks of candidates for public office to ensure the qualification of candidates for political office.

Similar Bills

No similar bills found.