DBA International Recommendations Incorporated in New York's Final Debt Collection Rules

DBA International recognizes and appreciates the time and effort that the New York State Department of Financial Services (DFS) spent thoughtfully analyzing and accommodating the concerns DBA International brought forth in our October 1, 2013 and August 15, 2014 correspondence as part of the rulemaking process leading to the department’s final rules on debt collection which were issued today.

DBA’s comments to DFS were predicated on input from our Members and the highly regarded uniform industry standards adopted in its national certification program.

“DBA International is confident that the association’s productive dialogue with DFS over the past 16 months has resulted in a stronger regulatory framework for the protection of New York consumers while accommodating the legitimate operational concerns of companies that must implement these rules,” indicated Bryan Faliero, DBA International Board President.

“DBA will monitor the implementation of the new regulations to identify any unintended consequences for consumers or industry participants and seek additional clarification when needed,” elaborated Jan Stieger, DBA Executive Director.

DBA International is the nonprofit trade association that represents the interests of public and private companies that purchase performing and nonperforming receivables on the secondary market. Founded in 1997 by a small group of companies to provide a forum to advance best practices within the industry, today DBA has grown to represent over 525 companies. DBA provides its members with networking, educational, and legislative advocacy opportunities through an annual conference, an executive summit, regional seminars, state and regional committees, newsletters, webinars, teleconferences, and other media. DBA maintains a code of ethics and a national certification program that promote uniform industry standards of best practice which member companies must comply with in order to maintain membership. DBA is headquartered in Sacramento, California.