CLEVELAND, Ohio – HS Financial Group today announced that is has earned the highly regarded designation of Certified Professional Receivables Company (CPRC) after completing the comprehensive national standards for debt buying companies and third party collection agencies contained in DBA International’s certification program. These standards have been recognized for exceeding state and federal laws and regulations through a series of stringent requirements that stress responsible consumer protection through increased transparency and operational controls.
“I want to commend HS Financial Group for this important accomplishment on becoming certified through DBA International’s Receivables Management Certification Program. Its efforts to maintain uniform standards of best practices not only protects consumers and creditors alike, but ultimately benefits the health of the entire credit eco-system,” said DBA International Board President Todd Lansky. “By achieving certification, HS Financial Group meets or exceeds local, state and federal consumer protection laws across the country and positions itself to provide for the safety and most compliant consumer experience.”
“HS Financial Group is extremely proud of our team and their efforts to attain DBA International Certification” said Tim Sullivan, Esq., President, “for us it means that compliance, quality assurance and performance are intrinsically linked. Earning the CPRC designation demonstrates that we have exceptional controls over our business processes in accordance with the highest compliance standards, resulting in superior performance for our clients and clearly reflects our ongoing commitment to quality and our steadfast commitment to our customers.”
The CPRC designation is granted to companies who comply with rigorous standards addressing such items as account documentation, chain of title, consumer complaint and dispute resolution, statute of limitation compliance, vendor management, credit bureau reporting, resale, and other relevant operational procedures. Individual Certified Receivables Compliance Professional designations are required for each certified company’s chief compliance officer.
Compliance with the CPRC standards are monitored through independent third party audits as well as through a structured self compliance audit process. For more information about DBA’s Receivables Management Certification Program, please visit DBA’s website at www.dbainternational.org/certification.
About HS Financial Group
HS Financial Group is a Veteran-Owned Small Business founded in 2000 by Timothy M. Sullivan, Esq., and is located in Cleveland, Ohio. HS Financial Group focuses on consumer, government, education, and commercial collections and currently has over a billion dollars of receivables under management. The organization employs an extensive staff including collection professionals, attorneys, and support personnel united by a singular mission of partnering with clients in the management and liquidation of their delinquent receivables. With its knowledgeable and seasoned team of empowered professionals, utilizing state-of-the-art infrastructure and technology, HS Financial Group strives to develop custom-tailored, secure and efficient collection solutions for each client and deliver professional recovery results achieved through its core values of professionalism, ethics, and excellence. To learn more about HS Financial Group and its Accounts Receivable Management program and capabilities, please visit our Web site at www.hsfinancialgroup.net.
About DBA International
DBA International (DBA) is the nonprofit trade association that represents more than 550 companies that purchase performing and nonperforming receivables on the secondary market. DBA’s Receivables Management Certification Program and its Code of Ethics set the “gold standard” within the receivables industry due to its rigorous uniform industry standards of best practice which focus on the protection of the consumer. DBA provides its members with extensive networking, educational, and business development opportunities in asset classes that span numerous industries. DBA continually sets the standard in the receivables management industry through its highly effective grassroots advocacy, conferences, committees, taskforces, publications, webinars, teleconferences and breaking news alerts. Founded in 1997, DBA international is headquartered in Sacramento, California.