What Are Your Debt Collection Compliance Pain Points?

Compliance. It’s not just a river in Eg– wait, that’s not right.

Denying the importance of compliance — especially in a universe where the CFPB is immune to governmental shutdowns — is shortsighted. It’ll not only affect your bottom line, what with all the lawsuits, it can damage your reputation in the industry beyond repair. What we’re seeing, more and more, is collaboration among shops in working accounts. We’re also seeing more and more creditors demanding compliance policies be not only in place, but in use.

As you guys are out there, trying to win new accounts, showing up with a high recovery rate may not be enough. Having a high recovery rate while showing the utmost in compliance is where it’s at.

We at insideARM are interested in where your specific compliance pain points are. Where is your agency looking for more clarity? What regulations are keeping you up at night?

Share your thoughts in the comments section below. Or, if you’d rather keep your compliance worries between you and us, you can email editor@insideARM.com.

Everyone who shares will get a coupon code for insideARM.com’s Research Library for 15% off.