The two most influential trade groups in the accounts receivable management industry announced recently the adoption of a set of guidelines for members who engage in the purchase of consumer debt.
ACA International and DBA International jointly released a Statement of Principles and Guidelines for the Sale and Purchase of Consumer Debt. The document outlines “a set of core principles that represent the highest level of business, legal and professional conduct.”
“We strongly encourage each of our members to adopt these guidelines and apply them daily in the management of their businesses,” said Michael Bendickson, President of DBA International, in a press release announcing the guidelines. “DBA worked hand in hand with ACA International’s Asset Buyer Division to develop these standards. Our organizations’ collaboration demonstrates how important it is for our industry to share a common goal for unified business practices.”
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