Description
Understand the collectionsrelated compliance obligations and the penalties that may result from violations.We live in an increasingly cashless society. Credit cards are ubiquitous, used daily in billions of transactions. The credit card industry therefore continues to face threats of litigation and regulatory and enforcement scrutiny. Credit card collections are subject to a litany of statutes, regulations, and governmental oversight. Stakeholders are subject to extensive rules under a wide range of statutes, including the Fair Debt Collections Practices Act, Fair Credit Reporting Act, and the Telephone Consumer Protection Act, amongst several others. This topic will discuss the significant collectionsrelated legal obligations for the credit card industry and will outline common pitfalls and solutions.
Date: 2021-10-28 Start Time: End Time:
Learning Objectives