2020: What’s on the Horizon for the Debt Collection Industry

The debt collection industry is set to have a busy year adjusting to several “new normals” that are either already at its doorstep or are making their way over. Last year saw a lot of groundwork laid for new laws and regulations that will impact how debt collectors conduct business, and these new requirements will come to fruition in 2020. Below are five key items that 2020 has in store for the industry.

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News and Opinion

from insideARM.com

» 2020: What’s on the Horizon for the Debt Collection Industry

» Corporate Advisory Solutions Joins iA Innovation Council as Strategic Advisor

» Coast Professional, Inc. Promotes Tyler Copeland to Senior Director

» TRACED Act Becomes Law of the Land

» Coast Professional, Inc. Hires Debbie Blanc as Business Project Manager

» Supplemental NPRM for Time-Barred Debts Coming "Very Early in 2020"

» Coast Promotes Brooke Singletary to Vice President of Business Development

» FFAM360 Participates in the Covenant House Sleep Out to Help End Youth Homelessness

» Summit A•R Participates in Toy Shoppe Program to Spread Joy to Children in Need

You Oughta Know, 6 January 2020

Welcome to You Oughta Know, a collection of links from around the internet that you should probably know about.

• CFPB Releases Special Edition of Supervisory Highlights on Consumer Reporting. "In December 2019, the Consumer Financial Protection Bureau (CFPB) – which helps businesses comply with Federal consumer financial law – released its Second Special Edition of Supervisory Highlights on Consumer Reporting that examined the areas of consumer reporting and furnishing of information to “consumer reporting companies (CRCs)” pursuant to the Fair Credit Reporting Act (FCRA) and Regulation V." (ESR)
  
• Holiday debt could take years to pay off. "In the few short weeks leading up to the holidays, Americans went all out on spending. It will take much, much longer to pay it off." (CNBC)
  
• Four ways remote workers can prevent security breaches. "There’s been a significant increase in the number of people working remotely in 2019, according to a special analysis done by FlexJobs and Global Workplace Analytics. In fact, 80% of U.S. workers say they would turn down a job that did not offer remote working capabilities. However, the rise in remote workforce arrangements also comes with an increased risk of data security incidents." (Fast Company)
  

insideARM Jobs

» Remote SR. COLLECTION SPECIALIST – Brown & Joseph, Ltd. –

» Director, Operations – Waypoint Resource Group – Round Rock, TX

» Sales Executive – UNIVERSAL FIDELITY LP – Katy, TX

» General Counsel – Coast Professional, Inc. – Geneseo, NY; East Aurora, NY

» Portfolio Management Analyst I – Resurgent Capital Services – Greenville, SC

» Chief Compliance Officer – Coast Professional, Inc. – Geneseo, NY; East Aurora, NY

» Trainer/Training & Development Coordinator – Mintex Inc – Chicago, IL

» Remote Commercial Collector – Williams Babbit & Weisman – Boca Raton, FL

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Women in Consumer & Commercial Finance Conference 2020

2 December 2020

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer & Commercial Finance – a conference and networking event for ALL women in consumer & commercial finance.

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Free Reports and Webinars

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» The State of Third Party Collections: Challenges, Trends, and Innovations

» Interstate Collections & Licensing

» Compassionate Phone Skill Set

» Data Security Requirements for the ARM Industry

» Operations and Compliance - A Profitable Relationship

» Board Training

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