CDRI Plays Critical Role in Passage of Legislation Regulating Debt Settlement Providers in California

Bi-partisan advocacy efforts and coalition work propel CDRI into the spotlight as a leading voice for the debt settlement industry

WASHINGTON — Consumer Debt Relief Initiative (CDRI) received praise for taking a central role in the passage of California Assembly Bill 1405, which was signed into law yesterday by California Governor Gavin Newsom.

After collaborating with AB1405’s sponsor and bringing together a powerful coalition in opposition to the initial framework, CDRI was able to work closely with the bill’s author, as well as other key legislators and committees, to remove specific provisions that threatened the industry’s ability to operate in the state. These efforts were instrumental in revising the legislation to effectively regulate the industry, protect consumers and ensure those recovering from financial hardship have full access to debt settlement services and the benefits they can provide.

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