DBA INTERNATIONAL’S CFPB RULEMAKING TASK FORCE BEGINS WORK
DBA International is pleased to announce that it has selected the members of its CFPB Rulemaking Task Force.
The Task Force, which met for the first time this week, was created by the Board of Directors to advise and assist in the development of DBA’s response to the CFPB’s Advanced Notice of Proposed Rulemaking (ANPR) and the eventual proposed rules.
The ANPR is the first step in a rule making process that will likely take the CFPB up to two years to complete.
The ANPR is designed to provide the CFPB with public feedback that will influence the subjects ultimately incorporated in the initial draft of a proposed rule. By providing compelling answers to the questions asked by the CFPB in the ANPR, DBA International will help narrow the scope of what the industry will be required to respond to in future steps.
The critical importance of DBA International’s response to the ANPR cannot be overstated. Your opinion and assistance as a DBA member will be needed by the Task Force in the development of this response. The Task Force will be reaching out from time-to-time with survey questions to accumulate statistics, information, advice, and personal stories on how proposed regulatory provisions could impact your company and its employees or result in any unintended consequences to consumers.
What can you do right now to help?
Prior to tailored questions and polling of DBA members designed to support DBA’s response to the ANPR, the Task Force must first draft the initial response to the 162 questions presented in the ANPR. The Task Force would appreciate the DBA membership forwarding: (1) any responses to the specific questions that you would like the Task Force to consider, and (2) any data, research, reports, or white papers you feel would be useful to incorporate or cite in DBA’s response to the ANPR. Please direct your responses to [email protected].
The Task Force is composed of individuals representing the interests of small, medium, and large debt buyers, legal defense attorneys, collection law firms, DBA affiliate members, and third-party collection agencies. Their diverse background, expertise, and perspective will ensure a well-rounded and pertinent response to the ANPR. Those selected to serve on the Task Force include:
- Rich Munroe (Capital Financial Group) – 2013 DBA President
- Bryan Faliero (Sherman Financial Group) – 2013 DBA Federal Legislative Committee Chair
- Lee Brockett (Cascade Capital, LLC)
- Neil Brodsky (Vion Receivable Investments)
- Stephen Bumgarner (Burr & Forman, LLP)
- Brian Fair (Fair Resolutions)
- Carolyn Finley (Flock Financial, LLC)
- Douglas Greenberg (RJM Acquisitions LLC)
- Laura Jensen (Absolute Resolutions Corp.)
- Ashish Masih (Encore)
- Tomio Narita (Simmonds & Narita LLP)
- John Rossman (Moss & Barnett, P.A.)
- Phillip Stenger (Capital Alliance Financial, LLC & Stenger & Stenger, P.C.)
- Peter Wilson (Katten Muchin Rosenman)
- Matthew Wolk (Argent Account Acquisitions & LLC/CBE Group Inc.)
Given CFPB’s expansive rulemaking authority, this is an incredible opportunity for DBA International to advocate for fair and equitable regulations that balance the legitimate interests of both the consumer and business communities. Please be a part of this crucial effort and assist the Task Force as they begin to reach out to the membership for support.