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Mass. Releases Webinar on Examination and Legislation technique for loan companies
Director of Education insideARM
On Tuesday, 19 January 2021, Massachusetts’ Division of Banks hosted a webinar titled “Debt Collection techniques: views and shows through the Massachusetts Division of Banking institutions and Useful Resources.” (it is possible to view the presentation that is full.)
The webinar reviewed the Division of Bank’s regulatory oversight of loan companies, highlighting the Division’s method of customer finance exams in addition to reviewing past and present assessment trends. Massachusetts DOB additionally discussed the ongoing nationwide collaborations involving multi-state examination efforts and consumer outreach promotions, like the present “Operation Corrupt” Campaign.
It was a fairly agenda that is comprehensive especially just for an hour or so, rather than every thing from the agenda had been addressed. But here you will find the features:
One last note: Massachusetts has yet to totally compare the incoming Regulation F. to their state laws there could be changes, or realignments, with a of Massachusetts’ guidelines for loan companies after a total review and contrast.