SACRAMENTO, Calif. -- On April 29, 2021, the Department of Financial Protection and Innovation 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 committee will advise Commissioner Clothilde V. Hewlett 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 diverse cross-section of stakeholders; 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:
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