As we all get ready for a fall travel season full of conferences and business meetings, the issue of compliance will undoubtedly be at the top of everyone’s list of discussion topics. Credit grantors, debt buyers, collection agencies, collection attorneys and vendors alike are adjusting to the new age of Consumer Financial Protection Bureau (CFPB) oversight, the onslaught of new state compliance requirements, pending legislation and regulation at the federal level and recent enforcement actions of the Federal Trade Commission.
Rozanne Andersen, who is widely recognized as a leading authority on compliance and regulation in the ARM industry, highlights the most pressing compliance issues in Kaulkin Ginsberg’s Mid-Year Report. Some of her findings include:
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