DBA International, an asssociation representing the debt buying industry, has selected the members of its Debt Buyer Certification Task Force and the group held its first meeting last week.
DBA’s Board of Directors created the task force in February at its annual meeting, which was followed by a competitive application process for individuals interested in serving.
The group will meet regularly to develop the parameters of a National Debt Buyer Certification Program for the industry. For more about the DBA's approval of the certification program, click here.
Those selected to serve on the task force include:
- Amy Anuk of Encore Capital Group;
- Raymond Bell of Mercantile Adjustment Bureau;
- Former DBA president Mike Cushing of Fourscore Resource Capital LLC;
- Steve Dostal of Wells Fargo & Co.;
- Brian Fair of Fair Resolutions;
- Mark Naiman of Absolute Resolutions Corporation;
- G. Reynolds Sims of G. Reynolds Sims & Associates;
- Glenn Vician of American Acceptance; and
- Trudy Weiss Craig of Unifund.
Among the items that will be considered as part of a certification standards program include a comprehensive certification exam and a continuing education component designed to focus on compliance with: (1) statutory and regulatory standards at both the state and federal levels; (2) the DBA Code of Ethics; (3) consumer complaint resolution methodologies; and (4) industry best practices.
“We had a great meeting and each member of the task force was excited about the possibilities that lay before us in the creation of DBA’s National Debt Buyer Certification Program,” said Task Force Chair Stacey Schacter. “While the challenge assigned to the task force by the DBA Board will not be easy, it is nonetheless essential to ensure that a uniform system of education and training of best practices is being provided to the industry.”
DBA received many applications from industry veterans following the creation of the task force. DBA’s Board sought a diversified membership, with representatives from large debt buyers, medium-size debt buyers, small debt buyers, the financial services industry, law firms, vendors and consumer organizations.
The applications were vetted on a number of criteria including company rankings with the Better Business Bureau. DBA soon expects to name a consumer representative and the task force also will receive guidance and feedback from several state and national regulatory agencies.
“It was important to the DBA Board of Directors to ensure that the task force contained a broad level of experience from differing perspectives,” said DBA Board President Mike Bendickson. “I am pleased to say we have some of the most talented and respected individuals in the industry on this task force. I look forward to receiving their recommendations later this year."