CCIA Adopts New Trade Association Name Reflecting Changing Consumer Marketplace.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- In response to dynamic changes in the ways that consumers seek to protect debt and credit repayment when they borrow and in recognition of the expanded business scope of its membership, the Consumer Credit Insurance Association said today that effective Jan. 1 it will have a new name, the Consumer Credit Industry Association, a choice that lets it continue to be identified as the CCIA (Computer and Communications Industry Association, Washington, DC, www.ccianet.org) A membership organization composed of computer and communications firms. It represents their interests in domestic and foreign trade, and, working with the NIST, keeps members advised of regulatory policy. . "We will still be the CCIA as we have been for 55 years," said Executive Vice President William F. Burfeind, "But our new name better reflects the expanded scope of our association's membership and services." Today in addition to insurers the CCIA represents financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. providers and other consumer protection products and services besides traditional credit insurance. "Simply stated, we are not just about credit insurance anymore. While credit insurance remains a foundation product for many of our member companies and a vital concern to the CCIA, the association has a broader scope of interest and a mandate from the members to service this wider range of consumer credit products and providers," Burfeind said. He noted that the name change received approval from the CCIA Board of Directors and that the Board emphasized the importance of being able to keep the acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. CCIA by which the association has been known and recognized since being founded in 1951. For example, said Burfeind, the association will still be found on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at the same website address, www.cciaonline.com and will continue to represent the credit insurance industry in traditional insurance regulatory and business forums like the NAIC NAIC See National Association of Investors Corporation (NAIC). and NCOIL NCOIL National Council of Insurance Legislators , while broadening its representation to newer credit industry products like debt cancellation contracts and the financial services businesses that offer them. The name change will be reflected in all materials, correspondence and communications of the CCIA. Based in Chicago, the 120-member CCIA is a trade association of insurance companies and other financial service providers selling or servicing consumer credit insurance, credit related lines of insurance, and other consumer credit protection products. |
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