The “Compliance” Issue we are Missing

With 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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