Collateral Recovery Specialist Compliance and Operations Manual

risc_logoPress Release

 

With the advent of the Consumer Financial Protection Bureau (CFPB) the operative words in today’s world of self-help repossession services are “compliance” and “risk management.”  To meet the new compliance and risk management requirements RISC is excited to announce the new Collateral Recovery Specialist Compliance and Operations Manual.

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The “Compliance” Issue we are Missing

wrecked_towtruckWith the advent of the Dodd-Frank Consumer Protection Act and its enforcement arm, the Consumer Financial Protection Bureau (CFPB) the new “buzz” word in the lending industry and the collateral recovery industry is compliance.  Throw in the FDCPA, GLBA, SCRA, FCRA, etc., etc. it becomes abundantly clear that the potential for liability and litigation is daunting.

 

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