Transcript Debt Collection Initiatives

NATIONAL ASSOCIATION OF RETAIL
COLLECTION ATTORNEYS
DEBT COLLECTION INITIATIVES
CONFERENCE OF WESTERN ATTORNEYS GENERAL
July 13, 2011
National Association of Retail Collection Attorneys
601 Pennsylvania Avenue, NW, Suite 900 South
Washington, D. C. 20004
202-861-0706 Fax 240-559-0959
[email protected] www.narca.org
ABOUT NARCA
• NARCA Background
• Members
– Licensed Attorneys Practicing Law
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Bar Licensure
CLE
Rules of Professional Conduct
Officers of the Court
– Highly Regulated
• Federal Laws & Regulations
• State Laws & Regulations
ABOUT NARCA
• Collection Law Firms
– Thousands employed
– Millions of dollars paid into courts
• Responsibility
– NARCA is the national leader in promoting the
professional and ethical practice of debt collection
law.
DEBT COLLECTION:
ESSENTIAL TO OUR CREDIT-BASED ECONOMY
• Preserves the nature of a credit-based
economy
• Ensures lenders’ trust that loans will be repaid
• Returns millions of dollars to the economy
• Maintains low rates of credit
• Supports business growth and employment
COMMON GROUND
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Licensed Attorneys Practicing Law
Collect on Behalf of Clients
Return Money to the Economy
Commitment to Professional Education
– NARCA CLE-Approved Best Practices & Ethics
Seminars
• Commitment to Consumer Education
– Avoiding the Debt Trap
HELP US HELP YOU
NARCA AS A RESOURCE
• NARCA advocates measures that provide consumer
protection without unduly burdening responsible
legal debt collection.
• Federal & State Outreach
 FTC Roundtable
 Congress
 Federal Agencies  SCBA Initiative
 Attorneys General
 Legislators
 Judiciary
 Bar Associations
• Examples
 Massachusetts
 Connecticut
 Illinois
 North Carolina
• Unintended Consequences
 Maryland
NATIONAL ASSOCIATION OF
RETAIL COLLECTION ATTORNEYS
Contact
Eric Rosenkoetter
NARCA Director of
Government & Public Affairs
Direct: 512-914-5696
Email: [email protected]
National Association of Retail Collection Attorneys
601 Pennsylvania Avenue, NW, Suite 900 South
Washington, D. C. 20004
202-861-0706 Fax 240-559-0959
www.narca.org