ACA CEO Mark Neeb Invited to CFPB Town Hall on Debt Collection
May 8 event at University of Pennsylvania could feature remarks from Director Kathy Kraninger about pending debt collection rule.
4/29/2019 2:30 PM
ACA International will have a seat at the table for the Consumer Financial Protection Bureau’s Debt Collection Town Hall hosted under the leadership of Director Kathy Kraninger May 8. The event may include discussions of the pending debt collection rulemaking.
The association will be represented by CEO Mark Neeb, along with other ACA leadership.
“I look forward to working with the CFPB and other industry representatives to comment on fair, transparent rules that appropriately reflect advancing technology and the real-world needs of consumers, regulators and professional businesses working within the accounts receivable management industry,” said Neeb. “Today’s culture and marketplace are much different than what many of us remember from 1977 when the Fair Debt Collection Practices Act became law. Therefore, this updated rulemaking process that welcomes industry input is inspiring to the business community that works diligently to manage companies as they recover billions of dollars in unpaid debt,” Neeb said.
The town hall will also feature remarks from Kraninger, comments from community groups, additional industry representatives and members of the public.
Kraninger recently provided insight on the pending debt collection rulemaking, particularly how the rules could be updated to address use of modern communication including email and text messages during a speech, “The Next Phase of the CFPB,” at the Bipartisan Policy Center April 17.
The Debt Collection Town Hall will be at the University of Pennsylvania, 3417 Spruce Street Houston Hall, Bodek Lounge, in Philadelphia as well as streamed online.
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