Franklin, TN, September 2020 — We’re proud to share the first episode of Receivables Roundtable featuring our own Jud Phillips! Jud sat down with Adam Parks to discuss the management of licensing, certification, and compliance in the collections industry.
As a leading provider of licensing, certification, and compliance services within the collections industry, Capital Compliance Group has helped many companies with expanding into additional states, getting bonds, licensing and other certifications, and compliance assistance. Jud sat down with Adam to discuss the challenges CCG faces in the marketplace.
One of the major challenges in the Accounts Receivable Management (ARM) industry has been the rising trend of litigation against collection agencies. At CCG, we’ve helped our clients navigate vital licensing issues so they can focus on increasing revenue and servicing their own clients.
“If you are an unlicensed debt collector, lawyers today are saying that is an automatic violation of the Fair Debt Collection Practices Act,” Jud says during the roundtable discussion. “At that point, I like to say: ‘Now it’s just about how many checks you’re going to write.’”
About Receivables Info
The Receivables Info team is led by receivables management industry veterans who wanted to create a website for the industry, by the industry. Their goal is to provide a voice to high-quality debt buyers, collection agencies, law firms, and industry veterans to share information about their businesses and their place within the marketplace and the community. The website provides relevant news alerts, articles, videos, and other receivables-related information to industry partners and colleagues around the industry and the globe. Receivables Info is also home to financial education resources for consumers through series like Money Chat.
About Capital Compliance Group
Capital Compliance Group is a boutique consulting firm with a focused specialty in collection agency licensing, certification, and compliance for the receivables management industry. CCG has helped many companies with expanding into additional states, getting bonds and licensing, earning RMAI, Debt Trader, and other certifications, and meeting compliance standards, all of which create bottom-line results for clients. Our main headquarters is in Franklin, TN.