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Comparing Collection Agencies: How to be Sure Data Security is a Priority

Credit Unions are faced with the fundamental responsibility of advocating for their members in everything they do – especially when it comes to the collections process. With over 4,000 collections agencies nationwide, it is crucial that when credit unions outsource their collections efforts they work with an agency that not only understands their brand and their mission but also prioritizes data security and its implications to both their members and their businesses.

With the frequency of widespread data breaches increasing at an alarming rate, data security has become a huge concern for credit unions. In this dynamic and uncertain environment, credit unions need to be more diligent - especially when it comes to ensuring that members' data is secure. 
Compliance is a critical component in debt management and collections systems. Learn more about how compliance impacts debt collection management and how credit unions can stay in control.
Who is CFPB? The CFPB is a U.S. government agency that ensures banks, lenders, and other financial companies treat consumers fairly. The CFPB’s goal is to provide clear, streamlined accountability for enforcing consumer financial laws and protecting consumers in the financial marketplace.

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