Guest Editorial
Dodd-Frank is now 4 years old and there are two questions that need to be asked by the professional repossession company. Where are we going, and what’s next? These are simple questions, yet the answers can be as complex as a quantum physics equation. When Dodd-Frank established the CFPB, a new lexicon of regulatory language began for the financial services industry. As for us out in the streets as a collateral recovery specialist, our new lexicon moved from being licensed, insured and bonded, to being “compliant”. Well, these years later and thousands of hours of later, where are we going? and what’s next?
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