Collector - July 2018 - 4
CHIEF EXECUTIVE OFFICER
Protecting Our Industry and Our Businesses
Anne Rosso May
By Mark Neeb, IFCCE
The YGS Group
reetings, members! I hope you're having great summers and are finding some time to relax.
I know how challenging that can be in our industry and for business owners in general. The
stress of running a business is always present and can be debilitating at times.
It's the job of your association's staff to help you navigate your way to success and we are everaware of the fact we can either make your work easier or more challenging. Trust me, we are
working very hard at the former. In this issue we focus on compliance-related topics and the many
things happening at ACA intended to help you get, and stay, in compliance.
For example, did you know that ACA SearchPoint™ users visited our compliance portal 45,000
times last year? The content is continually
updated and intended to give you a pointand-click option for your compliance needs.
You won't find a more robust and complete
electronic compliance library anywhere else in
the industry. If you aren't using it, I encourage
you to give it a try. You might be surprised at
the wealth of information available. You can
read about it on p. 54.
Elsewhere in this issue you'll see a recap of
the ACA's Washington Insights Conference,
what the speakers had to say and the "asks"
made on Capitol Hill. Key are the comments
made by BCFP Acting Director Mick
Mulvaney as they give great insight into
what the bureau thinks of our industry and
financial regulations in general.
Since Mulvaney came on the scene, he has
continually indicated that the bureau will enforce the law but not create it. The BCFP is, however,
continuing to work on rulemaking and ACA has had a seat at the table with a list of items we
strongly want the bureau to enact for the benefit of our industry and members. They include:
* A clearly defined "date of default."
* Defining a dispute and developing a formal dispute process.
* Standardization of information that is transferred between first and third parties.
* A clear and concise model validation notice.
* Clear guidance on the use of modern methods to communicate with consumers.
* When considering rules, the bureau must avoid a "once size fits all" approach.
The rulemaking process is expected to play out over the next few months, and you can be
sure we will be heavily involved and influential.
Looking forward to seeing y'all in Nashville! #Helpingmemberssucceed!
"It's the job of your
association's staff to help
you navigate your way to
success and we are everaware of the fact we can
either make your work
easier or more challenging.
Trust me, we are working
very hard at the former."
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