A proud moment for the Boston Bar Association. . . this past Friday,
Attorney General Martha Coakley adopted 8 recommendations issued by the Boston
Bar Association's Consumer Finance Working Group in 2010.
The AG's revised regulations update regulations that were last revised in the
1970's -- reflecting changes in technology, and also adopting concepts and
procedures that have developed under the Fair Debt Collection Practices
Act.
The Boston Bar Association report, formally adopted by the BBA Council,
highlighted 10 specific recommendations regarding debt collection and consumer
finance. Co-Chairs of the working group are Adam Ruttenberg of Looney &
Grossman and Andrew Dennington of Conn Kavanaugh Rosenthal Peisch &
Ford.
"We are pleased to see that the
Attorney General's new proposed regulations incorporate almost all of the
substantive changes that our working group recommended," said Ruttenberg.
The proposed regulations are now being transmitted from the Attorney General
to the Secretary of State to initiate the process for notice in the
Massachusetts Register and public comment.