A Statement From ACA International CEO Mark Neeb
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“The accounts receivable management industry is one of the first industries to welcome new rules from the CFPB and has worked closely with the Bureau since its inception on our shared goal of serving consumers. This is evidenced in the extensive compliance resources ACA members have developed and studied in line with Bureau examination manuals and other materials, ongoing discussions and sharing of resources and data for Bureau policymaking, as well as collaboration on financial literacy projects, among many other undertakings. This collaboration throughout both Democrat and Republican administrations stems from the fact that ACA members support the stated mission of the CFPB to protect consumers in the financial services marketplace. However, since its inception, we have been disappointed when in many instances the Bureau has failed to fulfill its statutory mission and obligations that require it to make markets for consumer financial products and services work in a fair, transparent, and competitive manner.”
Click here to read the full letter to the House Financial Services Committee.