New Jersey State Bar Association headquarters New Jersey State Bar Association headquarters at 1 Constitution Square, New Brunswick, NJ. Credit: Google

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Capitol Report

For-profit debt adjusters voted out of Senate committee in face of opposition. The state Senate Commerce Committee heard extensive testimony on A1739 (McKeon)/S2989 (Pou), which makes certain for-profit debt adjusters eligible for licensing to conduct business in New Jersey. The measure was voted out of committee last week. The New Jersey State Bar Association opposes this legislation "because it would open up the abuses that are widespread in the states that permit for-profit debt adjustment."