Ontario Systems and Columbia Ultimate Launch CFPB Gap Assessment/Readiness Evaluation Program

Ontario Systems and the Columbia Ultimate family of companies announced today the launch of the initial phase of their Consumer Financial Protection Bureau (CFPB) Gap Assessment and Readiness Evaluation Program. The two companies have recently partnered in an ongoing effort to provide resources and new solutions to the ARM industry that are designed to make it easier and more efficient to maintain compliance.

The CFPB Gap Assessment and Readiness Evaluation Program was designed under the leadership of Ontario Systems Chief Compliance Officer Rozanne Andersen. The new program will help asset purchasers, collection agencies, and law firms assess CFPB readiness, navigate compliance requirements, stay abreast of changing laws and regulations, and establish, closed-loop consumer complaint management systems