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Posts Tagged ‘Credit Services Association’

CSA Annual Conference Sees New President Installed

Wednesday, September 14th, 2011

The recent CSA DBSG Annual Conference, which took place on the 7th and 8th of September at the Hilton Metropole in Birmingham, saw a new President of the trade body installed.

Sara de Tute took over the Presidency from Dr Roger Lucas last month, who, in his parting speech, paid tribute to the continued hard work and commitment of the CSA board from which he is retiring after 17 years of service.

Dr Lucas said:

“Nearly everything the Association has focused on in the last two years has been towards improving the perception and reputation of our industry proving that high standards do exist, and where they don’t, helping to identify those areas of weakness and providing solutions where help is needed.”

Leigh Berkley, chairman of the Debt Buyers and Sellers Group (DBSG) was also stepping down to be replaced by Zazh Lewy of Arrow Global. Leigh said:

“CIP is the first comprehensive compliance standard for our industry. It has already been welcomed by the OFT and is the cornerstone of our drive to inspire confidence from government, consumer groups and the media alike.”

Also, at the conference the OFT’s consumer credit group deputy director, Nigel Cates, gave confirmation that the eagerly anticipated Debt Guidance would shortly be published, with the major focus on data accuracy and compliance.

Mr Cates praised the CSA, saying :

“The CSA has been of huge benefit to its (debt collection) members and consumers and is one of the most professional trade associations we deal with. They understand the standards expected.”

The new guidance will also be emphasising fairness and responsibility of all parties, including third parties, who Mr Cates confirmed must be fit to hold a license and hinting that the suitability of the instructing agency could be called into question if they were not up to scratch.

Mr Cates finished up with a firm and clear message:

“The underlying message to the consumer is ‘pay your debts’”

CSA to be Consulted in OFT Guidance for Debt Collectors

Wednesday, May 11th, 2011

In the forthcoming update to the Office of Fair Trading (OFT) Guidance for Debt Collectors, which is expected in the latter part of the year, it has been announced that the Credit Services Association (CSA), who are the voice of the Debt Collection industry in the UK, will be consulted as a key stakeholder.

The CSA’s Code of practice, which was originally published in 2003, has had large parts of it’s content used as the basis for the new Guidance. It is expected that the new Guidance will have clearer instructions around data accuracy and a specific section dedicated to debt purchase according to CSA’s Head of Membership, Compliance and Educational Services, Claire Aynsley:

“It is vital that the consultation has insight from those in the collections and debt purchase sectors who have front line knowledge of collecting debts in often challenging conditions,” she says.

“Members of the CSA, and colleagues within the Debt Sale & Sellers Group (DBSG) will help ensure that any future Guidance is properly informed, so that best practice can be highlighted to the ultimate benefit of all parties.”

The CSA Strikes Back

Friday, December 4th, 2009

The CSA has lashed out at advice websites for “encouraging” people to evade debts.

In a powerpoint presentation which has been seen by the Guardian, the CSA (Credit Services Association) claims such sites are guilty of “encouraging” people to evade debts, provide “breeding grounds for misinformation” and “insult” banks and debt collectors.

The CSA are, of course, the trade body for debt collection agencies and is holding workshops for its members aim at combating organisations such as Consumer Action Group.

A section of the presentation entitled “What do they actually do?” said online forums “celebrate ‘victories’ against creditors, set up tallies of how much has been refunded in bank charges [and] provide standard template letters”.

It outlined some of the most common claims made and said it had provided the Ministry of Justice with evidence of bad practice as well as suggesting possible amendments to primary legislation with the consumer affairs minister.

It added that it had “discussed consumer forums and CMCs [claims management companies] with the OFT”.

The trade body named five sites: the Consumer Action Group, Blagger.com, Penaltychargesforum.co.uk, Getoutofdebtfree.org and Legalbeagles.info.

But Marc Gander, a co-founder of the CAG, said it was “a real shame” debt recovery firms felt they had to set up a mechanism to combat sites such as his.

“They seem to view us as some variation of animal rights activists,” he added.

The CAG, set up in 2006, was one of the first online self-help organisations to help people challenge banks over “unfair” charges and loan agreements that could be unenforceable.

Similar high-profile websites include Martin Lewis’s “consumer revenge” site MoneySavingExpert.com, which was not named by the CSA.

The consumer revolt over current account penalty charges triggered a huge surge in the number of sites offering to help people take on banks, credit card companies and loan providers.

Some of these were described as “irresponsible” by the debt collectors’ body, but Gander said bank charges would never have been made a priority by the OFT without websites such as his.

The OFT launched a high-profile legal battle over the issue, but it ended in defeat last month.

“Consumer websites are here for keeps,” Gander said. “They had better learn to live with it. How many people do they really want to be in conflict with?”

A spokesman for the CSA said websites that helped borrowers manage their debts responsibly were to be welcomed, but those setting out simply to help debtors avoid debts were “grossly irresponsible”.

“Avoiding debts is not a victimless crime – it impacts everybody in the long run,” the spokesman said.

“If a website gave advice on how to shoplift, consumers – and retailers – would be up in arms, so how can it be right for a site to effectively encourage people to make off with money that isn’t theirs?”

The spokesman said the CSA had relaunched its website with a consumer help section and engaged with consumer advice bodies to help people manage their debts.

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