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OVERVIEW
Examination
of debt collector practices and procedures are
rapidly becoming a major focus as the public
becomes more aware of their opportunities to
file complaints against debt collection
companies.
The
Consumer Financial Protection Bureau, referred
to as CFPB, has been charged with regulating,
rulemaking, and enforcement of the federal laws
and rules of financial industries that do
business with consumers.
In
that quest a major dedication of resources is
being targeted at groups who can potentially
violate individual consumer rights and existing
laws such as FDCPA, UDAAP, FCRA, GLBA, EFTA, and
ECOA.
The
objective of the examinations is to assess risks
to consumers that include potential unfair,
deceptive, or abuse acts or practices (UDAAPs)
by any of the covered entities.
REDUCE
YOUR EXPOSURE TO CFPB EXAMS AND CIVIL LAWSUITS
Collector Compliance provides risk assessment programs that range from review of your practices and procedures to a full on-site audit to report actual practices, suspected infractions, collector compliance and monitoring. No matter your size we have a risk assessment program to fit your budget.
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