[co-author: Michael Buckalew]
Since the California Department of Protection and Financial Innovation s (DFPI) formal establishment at the beginning of this year, a number of issues have come into focus as key agency priorities. Among these, debt collection is one of the highest priority issues for the new department which has been busy to that end. Here, we highlight the DFPI s recent debt collection-focused public statements and materials related to legislation and rulemakings, COVID-19 protections, and enforcement actions.
Legislation and Rulemakings
Last year, California passed two pieces of legislation establishing procedures for the licensing, regulation, and oversight of debt collectors: the California Consumer Protection Law (CCFPL) and the Debt Collection Licensing Act (DCLA). The CCFPL went into effect on January 1, 2021. The DCLA s debt collector licensing obligation and the DFPI Commissioner s enforcement authority over debt collectors in California will not take effect
Ohad Samet Named to Inaugural Debt Collection Advisory Committee of the California Department of Financial Protection and Innovation (DFPI)
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Samet, the CEO and cofounder of TrueAccord Group, was selected as part of a new seven-member board that will provide critical feedback to the DFPI as it stands up its debt collection licensing program. Lenexa, KS (PRWEB) May 21, 2021 Ohad Samet, CEO and cofounder of TrueAccord Group, has been named to the inaugural debt collection advisory committee of the California Department of Financial Protection and Innovation (DFPI). The debt collection advisory committee is a new seven-member board that will provide critical feedback to the DFPI as it stands up its debt collection licensing program.
CA DFPI Announces Members of New Debt Collection Advisory Committee Published on: 30 April 2021 at 08:00 a.m. ET April 30, 2021, 8 a.m. May 3, 2021, 9:40 a.m. insideARM.com The iA Institute
http://www.insidearm.com/news/00047318-ca-dfpi-announces-members-new-debt-collec/
SACRAMENTO, Calif. The California Department of Financial Protection and Innovation (DFPI) today announced the formal creation of its inaugural debt collection advisory committee, a seven-member board that will provide critical feedback to the Department as it stands up its debt collection licensing program. The diverse group includes a consumer advocate and representatives from the debt collection, debt-buying, third-party collection, and collection law industries.
The committee members represent a cross-section of interested candidates; five are industry representatives, one is a consumer advocate, and one is a law and economics professor who studies the industry.
The committee members will provide feedback on the state’s debt collection licensing program.
4/30/2021 1:00 PM
NewsStateAdvocacy
Several members of ACA International have been appointed to the California Department of Financial Protection and Innovation’s (DFPI) new debt collection advisory committee.
The seven-member committee will provide critical feedback to the DFPI as it creates its debt collection licensing program.
The diverse group includes a consumer advocate and representatives from the debt collection, debt buying, third-party collection, and collection law industries, according to a news release from the DFPI.
ACA members on the committee include Scott Hyman, attorney with Severson & Werson PC; Mark Naiman, president of Absolute Resolutions Corp.; Cindy Yaklin, president of States Recovery Systems Inc. and the California Association of Collectors Inc. (CAC); Tamar Yudenfreund, senior director, public policy at Encore Capital Group and chair of ACA’s federal