Free and low-cost credit-counseling phone services fulfills 2010 CARD Act requirement
FARMINGTON HILLS, Mich., June 29, 2011 /PRNewswire-USNewswire/ -- GreenPath Debt Solutions, a nationwide non-profit financial organization, providing consumers with financial education in housing, debt management and bankruptcy concerns, recently announced that it will provide both a free and a premium credit-counseling phone service to help community banks meet regulations set by the 2010 Credit Card Accountability, Responsibility, and Disclosure (CARD) Act.
"GreenPath has significant relationships with community banks and state banking associations across the country. We are excited to work with our business partners to address the recent need for an affordable CARD Act compliant line that community banks can utilize," said Thomas Butler, Director of Finance for GreenPath Debt Solutions.
In accordance with the CARD Act, credit card providers must provide specific information to cardholders on their statements about accessing credit counseling services. Community banks now can use information about GreenPath's toll-free credit-counseling phone service on their statements."The GreenPath toll-free number will provide community bank customers with access to three National Foundation for Credit Counseling providers," remarked Butler. "GreenPath has also announced a more robust version of a CARD Act compliant line that includes a message branded for the community bank, real time reporting to banks and other capabilities, all for a reasonable price." "Community Bankers of Michigan has had a great relationship with GreenPath for several years and we are pleased that they're providing this service at no charge to community banks to assist them with remaining compliant with the CARD Act," said Tom Rice, Director of Member Services, Community Bankers of Michigan. "Improving a customer's financial situation can help them to more successfully apply for and manage mortgages and other financial products." Community banks should contact GreenPath at 1-866-809-8913 to sign up for the free CARD Act locator line or request more information on the premium service options. They can also send an email to email@example.com for more information about the service. About GreenPath Debt SolutionsGreenPath Debt Solutions is a nationwide, non-profit financial organization that assists consumers with credit card debt, housing debt and bankruptcy concerns. Our customized services and attainable solutions have been helping people achieve their financial goals since 1961. Log on to www.greenpath.com for more information. SOURCE GreenPath Debt Solutions