Due to its intensified enforcement activities in eliminating abusive, deceptive and unfair debt collection practices, the Fair Debt Collection Practices Act (FDCPA) has been one of the most active consumer law areas in the previous years. The FDCPA established its general standards of conduct that define proscribed collection methods while providing consumers with statutory rights that allow them to verify the accuracy of the debt and to stop all collection contacts. For the past year, and under the new administration, significant developments and a remarkable number of FDCPA related cases have been observed. This trend is expected to continue in the years to come.
With the 2020 economic shut down it is possible many organizations will face collections issues. This webinar is designed to familiarize accountants with the collections process. This webinar will outline the collections process including the use of collection agencies and attorneys to collect debts. Participants will be introduced to the Fair Debt Collections Practices Act. We will also discuss how to deal with debtors who file bankruptcy. Issues surrounding repossessions and foreclosures will also be covered.
- Outline the collections process
- Use of collection agencies and attorneys to collect debts
- Introduction to Fair Debt Collections Practices Act
- How to deal with debtors who file bankruptcy
- Issues surrounding repossessions and foreclosures
This course is appropriate for CPAs, CFEs, CFFs, MAFFs, CIAs, CMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.