ACA’s Blueprint for Modernizing Debt Collection is a road map to modernize consumer credit and debt collection in America.
Recovering rightfully-owed consumer debt is essential to our nation’s economy. Businesses from Main Street to Wall Street rely on the repayment of credit to pay employees, utilities, taxes, insurance and other business expenses. Federal, state and local governments also rely on the repayment of billions of dollars in uncollected court fees, taxes and other delinquencies. Failure to recover this debt results in business closures, layoffs, higher prices, less available consumer credit and tax increases to close government budget gaps.
The explosive growth in the use of cell phones, the Internet, social media, e-mail and other new technologies has changed how people communicate. ACA’s Blueprint for Modernizing Debt Collection outlines substantive public policy proposals to remove unnecessary impediments to effective, straightforward communications between consumers and debt collectors.
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For more information about ACA International and the Blueprint, contact Mark Schiffman, vice president of public affairs, at (952) 928-8000, ext. 124, or firstname.lastname@example.org.
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