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.