Halo Group, Inc.: News

04/22/10: Halo Benefits, Inc. Announces New Pharmacy Discount Card, HaloRx
04/08/10: Halo Portfolio Advisors, LLC Contracts With Local Mortgage Asset Management Fund
03/17/10: Shareholder Vision Releases Comprehensive Video Featuring Halo Companies, Inc.
02/26/10: Halo Companies, Inc. Announces Ticker Symbol Change to HALN
02/24/10: Residential Mortgage Meltdown Could See 11 Million Potential New Foreclosures in the Next 18 Months
02/09/10: Halo Debt Solutions, Inc. Approved for ISO 9001:2008 Certification
02/02/10: Halo Companies, Inc. Introduces HaloSafe ID, a New Level of Identity Theft Protection
12/16/09: Halo Group, Inc. Parent Company, GVC Venture Corp., Announces Change in Name
11/18/09: Halo Group, Inc. Makes Dallas 100 List as One of the Fastest Growing Companies in the Metroplex
11/12/09: Halo Group, Inc. Expands Again in Allen, TX
11/05/09: Halo Group, Inc. Honored With Celebration of Enterprise Award
10/27/09: Halo Group, Inc. Chief Financial Officer Named Dallas CFO of the Year
10/20/09: GVC Venture Corp. Completes Merger Transaction With Halo Group, Inc.
09/15/09: Halo Debt Solutions, Inc. Has Record Month in Debt Negotiations
09/09/09: Halo Credit Solutions, LLC Hits the Radio Waves to Educate Consumers on Credit Repair
09/04/09: Halo Group Consulting, Inc. Gains More Than 10,000 New Members
08/28/09: Halo Group, Inc. President Scott McGuane Named Person of the Week
08/18/09: Halo Group, Inc. Ranked as One of the Fastest Growing Companies in the Nation
08/13/09: Halo Group, Inc. Addresses Rise in Suicide Rate Among Military Personnel

Halo Debt Solutions, Inc. Supports Push Toward Industry Regulation

Posted on Jun 16, 2009 at 8:38am

ALLEN, TX--(Marketwire - June 16, 2009) - A leader in the debt settlement industry, Halo Debt Solutions, Inc. voices support for the nationwide push for more regulation in an unregulated industry. "Consumers are often most vulnerable during times of economic distress. It is therefore imperative that industry standards of accountability are implemented and enforced for the good of the American consumer," says Jeffrey Rasco, Vice President of Government Relations and Compliance for Halo Group, Inc., the parent company of Halo Debt Solutions, Inc.

Federal Trade Commissioner J. Thomas Rosch is a strong proponent of self-regulation by trade associations, as he stated before the 4th Annual Credit and Collection News Conference, April 2, 2009. "I believe it can play an important role in debt settlement. Self-regulation can provide a critical complement to the FTC's law enforcement actions. The judgment and experience of an industry in crafting rules themselves also can be of great benefit, especially where the business practices are complex and industry members have inside knowledge and experience to craft 'best practices.'"

"As a member of USOBA (The United States Organization for Bankruptcy Alternatives), one of the industry's leading trade associations, Halo applies the highest standards of ethics and integrity to every aspect of our operations," remarks Halo Debt Solutions, Inc. President, Brett Russell. "It stands to reason we would like to see those standards enforced industry-wide and weed out the unscrupulous companies that give our industry a bad name."

The Uniform Debt Management Services Act (UDMSA) represents the first national effort at providing uniform regulation to debt settlement services. Portions of the UDMSA were presented recently in Halo's home state of Texas as Texas Senate Bill 2233. The bill contained comprehensive provisions outlining requirements for registration, accreditation, certification, bonding, disclosures, and service agreements, and proposed to give the OCCC enforcement authority. Similar bills proposed in California, New York, Tennessee, and Nevada give evidence to a nationwide push for regulation.

Halo Debt Solutions, Inc. is an industry leader for debt settlement services with custom-tailored programs designed to help consumers settle and pay off their unsecured debt. Halo Debt Solutions, Inc. is a wholly-owned subsidiary of Halo Group, Inc. For more information about Halo Debt Solutions, Inc., visit www.halodebt.com.

Halo Group, Inc. is a nationwide holding company based in Allen, TX with subsidiaries operating primarily in the consumer financial services industries including debt, mortgage, real estate, credit, loan modification, and insurance. For more information about Halo Group, Inc., visit www.myhalogroup.com.