MACA Submits Comments to Maryland Commission of Financial Regulation
As a follow-up to September's forum in Baltimore for Maryland Collection Agency Licensees to review current regulations and statutes pertaining to the industry, MACA submitted formal comments to the Commissioner of Financial Regulation.
ACA’s Director of State Affairs Andy Madden, who participated in the forum worked closely with MACA in crafting the formal comments which focus on the impact regulations have on small businesses and the potential impact of the CFPB’s imminent debt collection rulemaking. At the forum, Madden called for increased clarity, uniformity and the modernization of outdated regulations.
The September 22 forum was a continuation of an initiative launched by Gov. Larry Hogan to examine Maryland regulations, and find ways to become more efficient and responsive to the citizens and businesses of this state.
Download a copy of MACA's comments HERE.
Perr Elected ACA President Elect
At ACA's national June convention in Denver, the ACA Board of Directors elected Richard (Rick) J. Perr, Esquire (Fineman Krekstein & Harris, P.C.) to the office of ACA President Elect. Perr, a MACA Board member, is a popular speaker at our regional events including Spring Fling and NEDC EXPO, and a recognized authority on creditor's rights, representing creditors, law firms, and agencies. After serving a one-year term as President Elect, he'll become ACA President in July 2017 at the ACA Convention in Seattle, Washington.