The Heavy Regulatory Burden and the Future of Collections

It's no secret that federal regulators are shining an increasingly harsh light on the collection practices of banks and third-party agencies, forcing many to change the ways in which they interact with delinquent consumers. A video from American Banker, a Collections & Credit Risk sister publication, peaks at the changes underway and how they may trickle down to collection efforts nationwide. CCR encourages your feedback.

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(2) Comments


Comments (2)
Thanks to the BIG Banks, they have ruined the True & Correct way of Collecting and Obtaining Judgments and Garnishments against consumers to repay there debt. It's the Little Creditors, Credit Unions, Financial Institutions who are going to suffer at the Hand of their negligence.
Posted by Loretta M | Thursday, March 06 2014 at 11:05AM ET
Makes me glad I do only commercial collections, no FDCPA no watchdogs, just don' break the law and you are golden. I do not think I will ever do another consumer collection again.
Posted by Robert E | Wednesday, March 05 2014 at 2:14PM ET
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