State Deals Blow To Debt Reduction Law Firms

, The Connecticut Law Tribune

The state Banking Department insists it can regulate large, out-of-state law firms that provide credit card debt reduction services in Connecticut and across the country. The decision puts the executive branch agency squarely at odds with the Baltimore-based Persels & Associates law firm, which does business in all 50 states, and the state Judicial Branch, which says it should be the sole regulator of the legal industry.

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