ACA Members Ready For First Debt Collection In California …

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A diverse group of stakeholders created under California’s Debt Collection Licensing Act (DCLA) will meet with the California Department of Financial Protection and Innovation (DFPI) for the first time on July 28.

The department announced the creation of its first debt collection advisory committee, a seven-member board that will provide critical feedback to the ministry as it establishes its debt collection authorization program in April.

The diverse group includes a consumer advocate and representatives from the debt collection, debt purchasing, third party collection and collection law industries. Senior Deputy Commissioner Suzanne Martindale will lead the committee.

ACA International members on the committee include Scott Hyman, lawyer at 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 .; Tamar Yudenfreund, Senior Director of Public Policy at Encore Capital Group and Chair of the ACA Federal Affairs Committee; and Ohad Samet, president of TrueAccord Corp.

“We think we have a very strong representation on the committee,” said Andrew Madden, ACA vice president of state and government affairs.

Other members of the committee include Elizabeth Gonzalez, senior attorney in the Consumer Law Unit at the Public Law Center, and Prasad Krishnamurthy, professor of law at the Berkeley School of Law at the University of California.

“I am honored to serve on the DFPI Debt Collection Advisory Committee and look forward to our first meeting next week to meet Suzanne Martindale, the other committee members, and begin the important work of the committee by advising the DFPI on matters relating to our industry ”says Yudenfreund.

The committee will advise DFPI on matters related to debt collection activities, including proposed fee schedules and other requirements.

“I look forward to working with DFPI to improve consumer protection and choice, which will be especially important this year as we emerge from the pandemic and direct economic aid to consumers declines,” Samet said. “With personal debts like credit cards and medical bills largely ignored by lawmakers, consumers must navigate the growing number of alternative financial services that can be useful but can be potentially predatory. The Debt Collection Advisory Committee will work to ensure that all consumers facing a debt collection in California are treated fairly and equitably. Similar to other aspects of consumer protection like privacy regulation, I expect the DFPI rules to end up having an impact on consumers nationwide. “

Committee members were appointed for a two-year term.

The first committee meeting will take place from 1:30 p.m. to 3 p.m. PDT on July 28 and the agenda includes an update to the program, bylaws, roundtable discussion and public comment.

To access the meeting use the Zoom link: https://us02web.zoom.us/j/86309472860.

Meeting number: 863 0947 2860

To access by phone:

United States: (215) 446 3656

Toll free: (888) 363-4734

Conference code: 611586

In addition to creating the committee, the DCLA, which comes into effect on January 1, 2022, requires anyone doing debt collection activity in California to be licensed by the DFPI.

California’s DFPI Commissioner recently announced that license applications required under DCLA will be live through the Nationwide Multistate Licensing System & Registry on September 1, the ACA reported previously. Applications will be due by December 31, 2021 at the latest and required from January 1, 2022.


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