Canadian Debt Buyers Association Holds First Meeting, Elects Officers

The first Board of Directors and Annual General Meeting for the Canadian Debt Buyers Association (CDBA) were held in Burlington, Ontario on May 29th at the offices of Canadian Tire Bank.

The founding objectives of the CDBA are as follows:

• Be the voice of the industry
• Ensure best practice
• Offer expertise and guidance
• Facilitate meetings and exchange of ideas

Representatives from organizations involved in the Canadian debt buying industry have made a significant commitment to launch the CDBA and include the following industry professionals:

• Christopher Walker – Collect Canada
• Scott Coffin – Aktiv Kapital
• George Preece – Canadian Tire Bank
• Bob Richards – CBV Collection Ltd.
• Doug Arfmann – Arrow Financial Services
• Andre Winebar – GE Money
• Don Bankey – JP Morgan Chase
• Charlie McLean – RecoverCorp
• Andy Wood – Financial Debt Recovery Limited

The primary purpose of the meeting was to elect the officers of the organization and to establish the specific committees that will be critical to guide the formation of the new non-profit organization.

Resolutions were passed electing the officers as follows:

• Christopher Walker, Chairman – Collect Canada
• Scott Coffin, First Vice Chair – Aktiv Kapital
• George Preece, Second Vice Chair – Canadian Tire Bank
• Bob Richards, Treasurer and Secretary – CBV Collection Ltd.

CDBA has been formed for the benefit of companies who buy and/or sell debt. Association membership is open to all interested parties including buyers, sellers and service providers.

For more information please visit our website at www.dbacan.ca