The Credit Services Association (CSA) is set for enormous expansion if members approve a decision to allow law firms practising debt recovery to join as affiliate members. The trade body is seeking feedback from members on whether debt recovery law firms should be allowed to join the CSA, ahead of the 2012 annual meeting where a decision will be made.
It follows the release of updated guidance on debt collection by the Office of Fair Trading (OFT), which puts all businesses practising consumer debt collection in the same bracket, whether they conduct litigation or not.Peter Wallwork, chief executive of the CSA, said that part of the guidance paves the way for law firms to become affiliate members...Read more here--: CSA seeks member views on law firms