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Article: Q. With the financial system reeling amid calls for more laws, consumer protection likely will be at the forefront of any new legislation dealing with credit and collections. Do you expect more legislation in the coming months?(Letters)
- Article from:
- Collections & Credit Risk
- Article date:
- July 1, 2009
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So Much attention is paid to unscrupulous activities several organizations have engaged in, which many say caused the financial crisis that we are now facing. Up against that, government is scorned because they are bailing out the same organizations that were responsible for many of our current problems.
To show that they are making efforts to prevent this from happening in the future, I believe there will be a flood of new rules for the financial community. To ensure that these new rules do not become oppressive, especially with respect to the collection industry, we need to voice our opinions and engage every influential person we can to prove to them that ...