Getting Your Feet Wet: Purchasing a New Type of Debt
1 credit | 1 hours
There are many types of debt percolating throughout the credit and collection industry. Medical, condo, credit card, tax, FinTech, and auto are just a few of types of debt that make up our industry. But, all come with a different set of regulations and compliance concerns. Your experience vetting and purchasing one type of debt does not necessarily translate to another. For example, can a debt purchaser assess an interest rate charged by a national bank on a credit card, even if that interest rate is above state usury laws? What concerns does a medical debt purchaser have under privacy laws such as HIPPA? What’s fintech and why is it garnering so much attention?
Recorded on June 20, 2017, this course is approximately one hour.
***This course qualifies as credit towards the “Current Issues” requirement needed for re-certification***