Duff, lawmakers take aim at foreclosure, debt negotiation scams

State Attorney General Richard Blumenthal, state Sen. Bob Duff, D-25, and state Rep. Ryan Barry, D-Manchester, took aim at foreclosure and debt negotiation scams on Thursday.

At a press conference in Hartford, Duff and Barry, who co-chair the General Assembly’s Banks Committee, and Blumenthal lent their support to legislation which would regulate debt negotiation companies.

“I urge the governor to sign our bill protecting distressed debtors and homeowners from predatory promises of debt reduction,” Blumenthal said in a statement afterward. “This legislation is imperative to protect consumers from lead-filled lifelines — debt rescue schemes that may actually sink consumers deeper into debt the more they struggle.”

* Full story available on The Hour

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