Debt Collection Association Widely Supported Retaining Debt Buyers Classification InsideARM
To some third-party contingency debt collection agencies the idea of ACA International focusing solely on their business and lobbying needs seemed logical. However, a recent proposal by a state unit to rebrand the accounts receivables management industry’s main lobbying group as a debt collectors group and reclassify debt buyers as creditors didn’t garner much support among ACA’s leadership – at least not this time around.
The proposal failed to pass the initial ACA Board vote. It did not go on to a vote by the general membership based on ACA-established processes.
“Basically, the board of directors believes in our big tent model with a diverse membership,” said ACA International Spokesman Mark Schiffman.
David Sands, president of the New England Collectors Association, which sponsored the proposals, said that trying to be the big tent has failed ACA’s third-party contingency agencies, which make up the bulk of ACA’s membership. He also said that he doesn’t believe it is necessary for ACA to take up debt buyers’ political cause because the group has its own representatives in the Debt Buyers Association.
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