ARM-U: Compliance Archives

August 28, 2014 by Todd Langusch in Accounts Receivable Management

Compliance Acronym Stew: Is Your Collection Agency at Risk? Part I: SSAE-16

Todd LanguschTECH LOCK This is the first of a three-post series from Todd Langusch at TECH LOCK. See Todd at ARM-U Registration powered by RegOnline Those who operate in...

August 25, 2014 by P-R Stark in Accounts Receivable Management

Oversight of Third Parties: The Challenge Ahead

As collection agencies reassess third-party relationships, they must find ways to calibrate oversight to the delegated activity. Layering new requirements into contracts has proved challenging; and in many instances, the...

August 18, 2014 by Mark Dobosz in Accounts Receivable Management

Common Ground for Creditors, Collectors and Consumers

“It is better that you should not vow than that you should vow and not pay.” Ecclesiastes 5:5 As can be seen from literature that is more than 2,200 years...

August 15, 2014 in ARM-U: Compliance

BillingTree Announces New Payment & Technology Spotlight Series - Technology and Innovation for the Digital Age

A new series of interactive events titled “Payment & Technology Spotlight Series – Technology and Innovation for the Digital Age,” sponsored by BillingTree, was announced today. The series, including monthly...

August 7, 2014 by Stephanie Levy in Accounts Receivable Management

Debt Collection Attorney Oversight Called Into Question - Literally

Should the Consumer Financial Protection Bureau issue guidance about what it considers appropriate attorney oversight when filing debt collection lawsuits? According to a recent insideARM.com home page poll, readers are...

July 21, 2014 by Kim Phan in Accounts Receivable Management

Policy Preparedness: A CFPB Focus for Compliance Management

Larger participants in the debt industry need to prepare for CFPB supervision, and an essential part of that preparation will be to establish a formal compliance management system. The CFPB...

July 18, 2014 by Ronald Canter in ARM-U: Compliance

CFPB Takes Direct Aim at Policing Legal Profession

For centuries, the regulation of the practice of law has been delegated to the judicial branch of government. As the Supreme Court explained, “since the founding the Republic, the licensing...

July 17, 2014 by Stephanie Levy in ARM-U: Compliance

Compliance Experts Urge Collectors to Embrace a Holistic CMS

Historically, collection agencies have viewed compliance as a reactionary, standalone department. Now, there’s an active shift to view compliance as a proactive process that requires full participation and collaboration across...

July 16, 2014 by Stephanie Levy in ARM-U: Compliance

Collectors Need More Modern Approach when Trusting Data to Vendors

If information is the new world currency, then debt collectors probably want to collect as much information as they do cash from consumers. But the data security sphere comes with...

July 16, 2014 by P-R Stark in Accounts Receivable Management

Risk Management Throughout the Vendor Relationship Lifecycle

P-R Stark assists Promontory clients with regulatory and compliance issues, focusing on consumer financial products and services. Prior to joining Promontory, she was one of the first employees at the Consumer Financial...

ARM-U: Compliance