ACA International Responds to CFPB Proposal

Ad Astra Recovery Services, Inc., is a recovery agency with a track record of proven results and a reputation for making the outsourcing process as simple and effective as possible. As an affiliate of the Association of Credit and Collection Professionals (ACA International), Ad Astra Recovery Services meets all industry and ethical collection standards.

ACA International has served as the primary resource for professionals in the credit and collection industry for more than seven decades. The organization consists of 5,000 members from all over the globe and includes attorneys, creditors, collection agencies, and other types of financial institutions and professionals in its membership.

ACA International recently responded to a proposed rule-making statement issued by the Consumer Financial Protection Bureau (CFPB). The organization released a public statement announcing its plans for continuous cooperation with the CFPB, the Federal Trade Commission (FTC), Federal Communications Commission (FCC), and Congress to modernize the debt collection industry. The ACA, which intends to review the CFPB proposal diligently, acknowledged that the primary legislation dictating the industry passed in 1978 and 1991 and is no longer completely in line with the current credit market.

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