SACRAMENTO, Calif. -- In April, the Department announced the formal creation of its inaugural debt collection advisory committee, a seven-member board that will provide critical feedback to the Department as it stands up its debt collection licensing program. The diverse group includes a consumer advocate and representatives from the debt collection, debt-buying, third-party collection, and collection law industries. The committee will advise Acting Commissioner Christopher S. Shultz on matters related to the debt collection business, including proposed fee schedules and other requirements.
The committee members were appointed by former Commissioner Alvarez for two-year terms pursuant to Financial Code Section 100025 of the Debt Collection Licensing Act (DCLA).
The committee members represent a cross-section of interested candidates; five are industry representatives, one is a consumer advocate, and one is a law and economics professor who studies the industry. The committee includes the following members:
Elizabeth Gonzalez, Public Law Center
Scott Hyman, Severson & Werson
Mark Naiman, Absolute Resolutions Corporation
Cindy Yaklin, States Recovery Systems Inc.
Tamar Yudenfreund, Midland Credit Management
Ohad Samet, TrueAccord Corporation
Prasad Krishnamurthy, UC Berkeley School of Law
The inaugural meeting of the committee will take place on July 28, 2021 from 1:30-3:00pm. This meeting will be open to the public and led by Senior Deputy Commissioner Suzanne Martindale.
- Program Update
- Public Comment
*DFPI will be restricted from commenting on current pending regulations, but appreciates feedback and encourages discussion on potential future rulemakings as well.
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