Thursday, November 3, 2011
ASSESSING THE FINANCIAL, OPERATIONAL AND REGULATORY HEALTH OF COLLECTION AGENCIES AND DEBT BUYERS
How do Creditors assess the financial stability of the collection agencies and debt buyers they partner with? What are critical balance sheet and income statement metrics? How are key operational processes and internal controls assessed and validated to ensure that assets are safeguarded? How can the creditor gain comfort that agencies and debt buyers comply with legal and regulatory rules to minimize public exposure? How can agencies and debt buyers prepare for these audits?