AADR Announces Board Appointments to Drive Strategic Advancements in Debt Resolution Industry

WASHINGTON--(BUSINESS WIRE)--The American Association for Debt Resolution (AADR), the foremost organization championing the debt resolution industry, announced changes to the AADR Executive Board of Directors with two distinguished leaders assuming seats. Drawing on their wealth of experience, these individuals share a dedication to furthering the AADR’s mission to educate consumers and policymakers about debt resolution and its benefits, hold debt resolution companies to the highest industry standards, and protect and expand access to accredited debt resolution services nationwide.

Lori Lasher
Executive Vice President, Chief Legal Officer, Chief Compliance Officer, and General Counsel, JG Wentworth

Lori L. Lasher, Executive Vice President at JG Wentworth, brings 39 years of legal expertise to the AADR Executive Board. Prior to joining JG Wentworth in 2018, she was a Partner at Reed Smith LLP. In her current role at JG Wentworth, she oversees legal, compliance, and governance matters. Lasher is also actively engaged in philanthropy, serving as a Trustee of Project Home, which provides affordable housing and other opportunities to formerly homeless persons and families.

“AADR holds its members to the highest standards in the debt settlement industry,” said Lasher. “I am excited to join my fellow board members as we work to expand consumer access to these services across the United States.”

Mohit Sofat
Vice President of Operations & General Manager
CFTPay

Mohit Sofat serves as the Vice President of Operations for Enterprise Payments and General Manager of CFTPay at Priority Technology Holdings (PRTH). With over 20 years of experience in the banking and financial sector, Sofat has successfully led CFTPay's business operations for over a decade, managing a team of over 250 professionals in the U.S. and abroad.

“I am honored to contribute my expertise to the AADR board and excited to play a role in advancing the AADR’s mission,” said Sofat. “We will work collaboratively to uphold industry standards and expand access to accredited debt resolution services.”

About the American Association for Debt Resolution

The American Association for Debt Resolution (AADR), formerly the American Fair Credit Council (AFCC), is the national association of the debt resolution industry. The AADR is committed to educating consumers and policymakers about debt resolution and its benefits, holding debt resolution companies to the highest standards, and protecting and expanding access to accredited debt resolution services nationwide. AADR member companies must abide by the organization’s industry standards and be accredited biannually by an independent auditor.