A Statement From ACA International CEO Mark Neeb
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ACA International has previously urged the bureau to develop a plain and clear statement for collectors, with a corresponding safe-harbor, regarding the possibility of a lawsuit on late-stage debt and that the consumer may have certain legal defenses to such litigation, such as the statute of limitations. Such a safe-harbor disclosure would be appropriate because it would ensure that the collector adequately warns the consumer about the consequences of nonpayment and it allows the collector and consumer to engage in legitimate communications about resolving the account. ACA looks forward to carefully reviewing the supplemental proposal, seeking feedback from our members, and commenting on behalf of the accounts receivable management industry.