Debt Collection
In recent months there has been a substantial increase in the focus on Debt Collection firms by the OFT and other regulators, who are taking a far stronger line in their approach. Clients too are becoming ever more demanding of their collection partners. The implications for Debt Collection firms are significant. Individuals and firms can be both fined and banned. Reputational damage can also be severe.
Compliancy Services can help. We are a specialist Consumer Credit Compliance Consultancy that helps our clients comply with the OFT’s regulations. We are currently working with a number of Debt Collection firms that have got into difficulties with the OFT, assisting them secure the future of their business, and with other firms that simply wish to prevent this ever happening. We can help give you the peace of mind you that you are compliant with the regulations so you can focus on growing your business with confidence.
Compliancy Services can:
- Provide an independent and expert audit of your compliance controls, identifying gaps, and helping you fix issues found
- Assist you when dealing with the OFT and resolve issues found by them
- Undertake periodic checks of your operations to ensure you are meeting regulatory and client requirements
- Provide training to your management and staff
- Assist you plan your future move to be regulated by the FCA
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To find out more please contact us
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