Consumer Resource Group Adopts MSTARS Debt Settlement Compliance Training

MESA, AZ, August 18, 2010 (Press-News.org) Consumer Resource Group has incorporated the MSTARS debt settlement compliance curriculum into its counselor training programs. "MSTARS is on the cutting edge of compliance in the debt settlement industry. It is an outstanding addition to our otherwise rigorous training program," said Cherrel Mahinay, the firm's president.

Developed with insight from state attorney general offices and the Federal Trade Commission, MSTARS compliance training helps avoid missteps that have resulted in regulatory action in the past. As such, MSTARS training will help ensure Consumer Resource Group is compliant with the new debt settlement rule that was approved by the FTC earlier this month.

MSTARS curriculum complements the consultative approach used by Consumer Resource Group's counselors. Similar to what might be found with a traditional consumer credit counseling service, CRG's counselors help with family budgeting, but are also able to explore options that are not available through credit counseling, such as debt settlement.

While the FTC acknowledges that debt settlement is a viable alternative to bankruptcy, it has been notably concerned with the lack of disclosure during the enrollment process. "Debt settlement is the perfect product for many consumers, but only if they have a clear understanding of what the program hopes to achieve," says Mahinay.

About Consumer Resource Group

Consumer Resource Group is a financial consultation firm that educates and mentors consumers who are committed to living debt free. Recognizing that the path to financial freedom is not necessarily the same for everyone, Consumer Resource Group works with clients to find the debt service platform best suited to their individual circumstances. In this way, Consumer Resource Group helps its clients find the path to financial freedom.

Website: http://www.consumerresourcegroup.com