Victory for ACA as appeals court decision overturns the FCC’s expansive interpretation of the TCPA

ACA International, the Association of Credit and Collection Professionals, and businesses and organizations from a wide variety of industries secured a major victory today from U.S. Court of Appeals for the D.C. Circuit in its landmark case: ACA International v. Federal Communications Commission, et al. In handing down its hotly-anticipated decision in the pivotal ACA […]

ACA International Submits Comments on FCC’s Call Blocking FNPRM

On Tuesday, January 23, ACA International submitted comments in response to a Further Notice of Proposed Rulemaking (FNPRM) adopted by the Federal Communications Commission on Nov. 17, 2017. BACKGROUND After issuing a Notice of Proposed Rulemaking in March 2017, the FCC adopted rules in a Report and Order enabling voice service providers to block four […]

EY Survey Once Again Demonstrates Substantial Value of Third-Party Debt Collection Industry

ACA International is excited to release results of the 2017 Ernst & Young survey which provides an in-depth overview of the economic importance of the third-party debt collection industry on the U.S. and individual state economies. Based on data from 2016, the report details the industry’s contribution to employment, asset recovery and other fiscal categories. […]

ACA International Submits Additional Comments on CFPB’s Proposed Debt Collection Disclosure Survey

On Thursday, December 14, ACA International submitted further comments in response to a new information collection proposed by the Consumer Financial Protection Bureau titled, “Debt Collection Quantitative Disclosure Testing” (“Disclosure Survey”) under the Paperwork Reduction Act (“PRA”). These comments were in response to the CFPB’s required 30-day notice under the PRA. ACA previously issued a […]

Message from the President of ACA International

These are exciting times for ACA International and its members.There is much to reflect on: the announcement of CFPB Director Richard Cordray’s resignation, invocation of the Congressional Review Act to stop the imprudent CFPB Arbitration Rule, and the Board of Directors’ search for ACA’s next CEO. Today, I call your attention to an exciting potential […]

CFPB Director Richard Cordray Resigns

Less than a year before his term expires, CFPB Director Richard Cordray ended several months of speculation about his future with the bureau by announcing his resignation on Wednesday. Under Director Cordray, who said he will vacate the office by the end of the month, the CFPB faced frequent criticism over the way it carried […]

CFPB Releases Payday Lending Final Rule

The Consumer Financial Protection Bureau (CFPB) today finalized its rule covering loans that require consumers to repay all or most of the debt at once, including payday loans, auto title loans, deposit advance products, and longer-term loans with balloon payments. Specifically, the rule imposes onerous ability-to-repay requirements before issuing covered loans and requires new debit […]

CFPB Announces New Direction for Debt Collection Rulemaking

Consumer Financial Protection Bureau Director Richard Cordray delivered remarks outlining an important new direction on how the CFPB intends to proceed in developing rules to govern the debt collection market during today’s Consumer Advisory Board meeting in Washington, D.C. Specifically, Director Cordray stated that after considering the feedback received on the third-party Debt Collection Outline […]

BREAKING NEWS: FCC Commissioner O’Rielly delivers historic TCPA remarks at ACA’s Washington Insights Conference

Commissioner receives standing ovation for critique of past FCC actions at ACA annual DC event. FCC Commissioner Michael O’Rielly addressed a record crowd of ACA members in Washington DC this morning. During his keynote address, Commissioner O’Rielly emphasized the need for clear and rational TCPA rules, as well as guiding principles for future TCPA regulations. […]

BREAKING NEWS: Statement of ACA CEO Pat Morris on draft Financial Choice Act 2.0

ACA Member Alert: ACA International CEO Pat Morris today issued the following statement in response to House Financial Services Committee Chairman Jeb Hensarling (R-Texas) scheduling a hearing next Wednesday to discuss the newly-released draft of the “Financial CHOICE Act 2.0.” “Our members and industry thank Chairman Hensarling for his leadership and vision in scheduling this […]