DBA International elected Bryan Faliero as president during the association’s annual conference last week.

Faliero takes the helm as the debt collection industry is striving to spur economic recovery and work with industry leaders and regulators to establish uniform standards, while raising the level of professionalism.

According to Executive Director Jan Stieger, Faliero has provided valuable service to the industry, serving on the board of directors and several committees. “For the past two years, Bryan has chaired the federal legislative committee where he has advocated for uniform best practices that are transforming the collections industry,” said Stieger. “He has a grasp on the diverse industry and appreciates DBA International’s responsibility for ensuring that debt buyers large and small are abreast of laws and regulations and contribute to the discussion of new public policy. Bryan understands the challenges and the opportunity of modernizing regulation.”

In his current role as Director of Acquisitions for Sherman Financial Group, Faliero is responsible for portfolio acquisitions and deal structure. Before joining Sherman he was president of the Consumer Business with Outsourcing Solutions Inc. (OSI), starting OSI Portfolio Servicing (OSIPS), one of the first major debt purchasers in the US acquiring semi-performing and distressed consumer receivables. He has worked in the debt buying industry for 18 years and was a charter member of DBA International, founded in 1997.

Other officers elected at conference include:
President Elect                            Kaye Dreifuerst, Security Credit Services LLC
Treasurer                      Trish Baxter, Recovery Management Systems Corp.
Secretary                       Irwin Kirschenbaum, KMT Group, LLC
Past President                             Rich Munroe, Capital Financial Group, LLC
Director                          David Paris, Soaring Capital
Director                          Mark Naiman, Absolute Resolutions     

Additionally, three will continue as Board Directors: Brian Fair, Fair Resolutions, Inc.; Todd Lansky, Resurgence Capital, LLC; and Ashish Masih, Encore Capital Group.

Debt buyers play a big role in restoring economic stability so America can get back to business. Companies, especially small businesses that are America’s job creators, often lack the resources to focus on those few who cannot presently meet their financial obligations. Rather than put the company and the jobs at risk, businesses sell the debt and move forward with optimism.

In addition to implementing an audit-based certification program that sets a high bar for both individual and organizational member compliance, DBA International works closely with state Attorney Generals to identify and take corrective action against firms operating outside of acceptable standards.  DBA International’s recent focus has been working with the Consumer Protection Financial Bureau as it moves forward with its rule-making process which will ultimately result in the modernization of laws affecting the industry.

“Attending the annual conference I was able to appreciate the diversity of our organization, our contributions to America’s credit economy, and the need to ensure that all in our industry recommit to treating consumers with respect,” said Faliero. “With so many people just getting back on their feet, debt collection requires sensitivity to the hardship that so many are working to put behind them.”

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