With a rise in foreclosures and delinquency filings, Utah apparently has become a late blooming sand state, but agencies and lawmakers need to proceed cautiously in adopting consumer debt remedies, according to Scott Simpson, president/CEO of the Utah League of Credit Unions.
Speaking out on a proposed voluntary "Responsible Debt Relief Assessment" plan linked to consumer counseling agencies and proposed by a Salt Lake City foundation, Scott said such proposals need careful study before being implemented.
The league, along with the Utah Bankers Association, Utah Division of Consumer Protection, Gov. Gary Herbert and House Speaker David Clark, were listed as participants in a press briefing detailing the consumer debt package.
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