On Wednesday June 1, Bill Bartmann (the CEO of our primary collection agency) met with Barney Frank to share more ideas on how to reform the collection industry. Barney Frank is the co-sponsor of the Dodd-Frank legislation that created the Consumer Financial Protection Board.
In addition, Bill has another meeting scheduled with Elizabeth Warren. He first met Ms. Warren at the National Association of Attorneys General conference a little over a month ago. The fact that she has requested a second meeting says a lot about what she feels Mr. Bartmann can bring to table in terms of change.
The timing of the meetings is perfect as Mr. Bartmann has just completed a complete rewrite of the Fair Debt Collection Practices Act (the guiding document for debt collection regulations across the nation), soon to be known as the Modern Debt Collection Practices Act. He will be sharing this rewrite with both Mr. Frank and Ms. Warren.
By aligning ourselves with those who have the ears of the most powerful people in Washington, Ropay Asset Investors is positioned perfectly to help investors reap the benefits of all the changes that will be taking place over the coming months and years.
As always, Do Good and Make Money!