Hundreds of bills are introduced in state legislatures every year that have the potential to severely impact the credit and collection industry. ACA International, ACA’s Interstate Committee and ACA state units work tirelessly to ensure that state policymakers, both legislators and regulators, understand how proposed laws and regulations affect the industry to ensure policy at the state level reasonably balances state interests with effective debt collection.
The key to legislative and regulatory success is having the proper background on an issue, the right legislative and regulatory contacts, and the correct approach – whether pushing a bill drafted by the unit, supporting or opposing an existing bill, or challenging proposed licensing regulations.
In this regard, ACA provides important and current information on proposed state legislation as well as policy position papers and other resources to identify issues of critical importance to the credit and collection industry.