DBA International Sets the Standard for Receivables Management

DBA International announced an encapsulating new tagline today, “Setting the Standard for Receivables Management,” reflecting the association’s mission to uphold the highest and most comprehensive industry standards and recognition that our members are committed to protecting consumers and the industry. The new theme, which represents the vision of the DBA membership, will be integrated into all DBA materials and communications beginning this month.

“Setting the Standard for Receivables Management” evokes the forward-looking and optimistic momentum of DBA International’s members and our recently adopted certification program. Members felt strongly that the new tagline speak to the value of DBA International’s certification program which has set the standard for the industry. The new tagline invites members, consumers and regulators on a journey to define and achieve the highest standards by integrating best business practices with consumer protections and education.

“Setting the Standard for Receivables Management is aspirational and inclusive,” said Bryan Faliero, president of the DBA Board of Directors. “The phrase conveys a commitment to the receivables industry and acknowledges the pride our members feel.”

DBA’s highly regarded Certification Program demonstrates this commitment to uniform industry standards and established best practices. When a company or individual becomes certified, they are demonstrating a commitment to operating pursuant to the highest ethical standards, and abiding by the program’s standards of excellence.

The debt buying industry is an important segment of the nation’s credit-based economy. Credit is a part of our national fabric, from the loans that make receiving a college education, buying a car, or purchasing a home possible, to the revolving credit that makes smaller purchases convenient.

Debt buyers and the collection industry play an integral role within the complex credit based economy. Upholding the highest standards in receivables management protects consumers by ensuring they continue to have access to credit at affordable interest rates which would not otherwise exist if defaults on credit were uncollectible. These comprehensive standards also enhance consumer purchasing power by mitigating the losses that businesses would otherwise have to pass on in the form of higher prices.

DBA International is committed to continuing our collaborative efforts with regulators, legislators, consumer groups, and other industry participants at both the state and federal level to ensure that new consumer protections are adopted when appropriate and existing laws are strengthened and modified to reflect modern realities without impairing the vital role of the debt buying and collection industry.

Certification is a requirement for DBA International membership. More information is available at http://www.dbainternational.org/certification/certification.asp.

DBA International is the nonprofit trade association that represents the interests of public and private companies that purchase performing and nonperforming receivables on the secondary market. Founded in 1997 by a small group of companies to provide a forum to advance best practices within the industry, today DBA has grown to represent over 500 companies. DBA provides its members with networking, educational, and legislative advocacy opportunities through an annual conference, an executive summit, regional seminars, state and regional committees, newsletters, webinars, teleconferences, and other media. DBA maintains a code of ethics and a national certification program that promote uniform industry standards of best practice which member companies must comply with in order to maintain membership. DBA is headquartered in Sacramento, California.