BIRMINGHAM, Ala.–Dollar Associates will host a free webinar on Aug.14 titled“Understanding the Proposed New CFPB Debt Collections Rule.” The webinar is scheduled for 3:00-4:00 p.m. ET.
“The CFPB issued its long awaited debt collections rule as a formal proposal in May 2019. And, when finalized, the ramifications of failure to understand its provisions and nuances can cause problems for credit unions with both CFPB and NCUA,” Dollar Associates said. “Still, at the same time, credit unions must be able to collect its legitimate and legal debts.”
Dollar & Associates added that compliance will be essential when this rule becomes final.
“But equally essential for credit unions is the ability to collect delinquencies and recover charge-offs,” Dollar Associates added.
Joining the Dollar Associates team for this webinar will be experts from San Diego-based CU Revest.
“Few, if any, third party collections firm knows the CFPB rules better than this CUSO which specializes in compliant and member-centric collections support specifically for credit unions,” Dollar Associates said.
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