03/10/2020 09:00 AM
Statement from ACA International CEO Mark Neeb
Tags/Topics: CFPB
“In our initial review of the Supplemental Notice of Proposed Rulemaking concerning out-of-statute debt, ACA has serious concerns that the bureau has grossly under-estimated the impact it will have on small businesses and the larger economy. Of primary concern is that the question of whether a debt is out of statute is not always a simple question, and sometimes requires an analysis that goes far beyond any duty that Congress has imposed on the accounts receivable management industry under the FDCPA.”