In Spring 2017, FENCA’s Board of Directors called in an Extraordinary General Meeting (EGM) to present a roadmap for the development of a pan-European Code of Conduct for GDPR to its members.
In a recent interview with Italian "Credit Village Magazine" FENCA president Erwin Falkner stressed the need for a a pan-European Code of Conduct for his industry
Developing a Pan-European Code of Conduct for the Debt Collection Industry
The Federation of European National Collection Associations (FENCA), representing the interests if the European debt collection sector, is seeking legal consultancy for the development of a pan-European Code of Conduct for the entire debt collection sector in the European Union and the EEA countries.
Erwin Falkner holds a diploma in business law with a specialization in international law from the University for Business and Management in Essen. He is a native Austrian, owner and managing director of the collection company VYNTO GmbH & Co. KG in Germany and managing director of the collection service company DCG Portal B.V. in the Netherlands. He has over 23 years of experience in leading companies and associations in the debt collection and credit industry. Since 1963, his company has been a member of BDIU, the national German collection association.
V?ra Jourová, European Commissioner for Justice, Consumers and Gender Equality, sends FENCA a video message for its World Congress on 22nd September 2016 in Berlin.
“The British decision to leave the European Union brings instability and might be a losing game for nearly everyone in Europe”, says Andreas Aumüller, President of the Federation of European National Collection Associations (FENCA). “The Brexit will increase the costs of trade and very likely, the European single market will face a slowdown in growth. In the midterm the number of company insolvencies could rise. Payment defaults and credit losses might cause domino effects which could take a toll on other markets. Especially in times of financial distress and economic crisis businesses and consumers need certainty and predictability. The Brexit brings the opposite. FENCA as a European trade association hopes that there will always be a door open for an ongoing cooperation between the UK and the EU.”
Attracting over 250 participants from 24 countries in 2015, this must-attend event for businesses actively buying, selling, financing, servicing and advising on Non-Performing Loan & Distressed Debt transactions, once again brings together key market players from all over Europe.
FENCA welcomes that a political agreement was found on the Data Protection Regulation on 15th December 2015 and expresses its readiness to work with the European and national institutions on their implementation.