Additional program to offset members’ costs of fighting unmerited lawsuits and help members succeed in 2020 is underway. Editor’s note: This content is available for members only.
1/6/2020 9:00
ACA International has officially opened the application process for the Matching Funds Program to help members defray defense costs through an additional use of the Industry Advancement Fund (IAF) approved by the Board of Directors.
Through the program, ACA will match up to $10,000 for members that have incurred and spent an equal amount in legal fees and associated costs in a case.
This is an exclusive opportunity for more ACA members, including smaller companies, to benefit from the highly successful Industry Advancement Fund (IAP) by receiving a distribution from the IAF to defray the costs of litigation. The program provides an avenue for financial support in lawsuits that may not have nationwide impact but are nevertheless significant to the member. Successful applicants will receive a dollar-for-dollar match up to the $10,000 cap for out-of-pocket expenses not to include any amounts covered by the member applicant’s insurance policy.
Applications are available online now through the Industry Advancement Fund webpage. The Matching Funds Program applies to members’ costs incurred after Jan. 1, 2020.
ACA launched the IAP in 2013 as the first and only long-term advocacy-focused initiative dedicated to strategically taking on legal battles that threaten the accounts receivable management industry’s ability to survive and thrive. Since then, ACA has led the charge to combat encroachments against the industry through ground-breaking litigation and advocacy in the regulatory and legislative arenas on behalf of our members.