Data Security and Compliance Play Significant Roles in Student Loan Collections

http://www.insidearm.com/news/00040789-data-security-and-compliance-play-signifi/

Your clients are expecting you to conduct various audits of your processes and procedures. A presentation, by InteractiveIntelligence walks you through the risks, rewards, pitfalls, and best practices when working in this asset class.

DOWNLOAD THE PRESENTATION!

There’s overarching regulations like SSAE 16 and those from the CFPB. Add to those requirements from The Higher Education Act of 1964 and the Department of Education, and collecting on student loans becomes much more than elementary. Listen as our panel discusses what it takes to maneuver through this maze when collecting on Student Loan debt.

The Student Loan Landscape at a Glance

Growing Asset class

Multiple creditor types

Average loan balance continues to rise

Fees continue to decrease

Asset class specific resolution types
- Loan Rehabilitation
- Loan Consolidation

Administrative Wage Garnishment

High “visibility”

Compliance and data security are paramount

This informative, 75-minute video is available to all registered members of insideARM.com (and the good news is, even if you aren’t registered, it’s free — so get on it!). WATCH NOW!