Rich Munroe, President of Capital Financial Group Inc, has been named president of DBA International, the trade association that serves as voice of the debt buying industry. Munroe takes over for Michael Bendickson of Absolute Resolutions Corp. who held the volunteer leadership position for the past two years.
Others elected to the DBA Board’s executive committee include: Bryan Faliero of Sherman Financial Group LLC (President-Elect), Kaye Dreifuerst of Security Credit Services LLC (Treasurer), David Paris of Soaring Capital LLC (Secretary), and Bendickson (Past President).
At its annual conference in early February, the DBA membership also elected four new board members to the board. Those new members are Trish Baxter of Recovery Management Systems Corp., Brian Fair of Fair Resolutions Inc., Todd Lansky of Resurgence Capital LLC, and Ashish Masih of Encore Capital Group. These four directors join Irwin Kirschenbaum of KMT Group LLC and the executive committee members to complete the board.
“DBA International wants to express its deep appreciation to outgoing directors Stuart Blatt, Jim Reitzel, Samir Shah and Kathy Simmermon for their service to DBA during this important time in the history of the debt buying industry,” Munroe said. “And DBA welcomes our new board members as we continue our efforts to educate the public on the important role that debt buyers play in the nation’s economy.”
DBA members recently voted to amend the organization’s bylaws making Debt Buyer Certification a requirement for DBA membership by 2016. Beginning in March 2013, DBA will be accepting applications for company and individual based certifications.
“The DBA board’s goal will be to advance the constructive dialogue DBA has with regulators and legislators at both a state and federal level. The board will also work closely with the DBA Certification Council and professional staff to make certification the accepted standard for our industry,” Munroe added.
DBA International (DBA) is a nonprofit trade association that represents the interests of companies that acquire distressed asset portfolios 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 625 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 strong code of ethics and is implementing a national certification program, which member companies must comply with in order to promote uniform industry standards based on best practices. DBA is headquartered in Sacramento, California.