OCALA, Fla. -

With regulation constantly evolving especially from the Consumer Financial Protection Bureau, Recovery Industry Services Co. recently enhanced its offerings for recovery professional and repossession agents.

One of the newest RISC products is a document geared to meet CFPB requirements — the Compliance-Complaint Checklist.

“After a review of our training programs by a law firm that specializes in reviewing and evaluating CFPB compliance issues, we have been assured that the C.A.R.S. National Certification Program coupled with the Compliance-Compliant Checklist along with staying current with updates on compliance requirements puts a collateral recovery agency in a position to successfully meet the requirements of the CFPB and good business practices in general,” RISC officials declared.

“Since there are no clear cut guidelines offered by the CFPB on compliance issues RISC sought the assistance of a nationally known law firm to further solidify what we believed to be the basis of compliance,” they continued. “Now, an RISC Agent Alliance Member can take advantage of the compliance documents we offer by logging into their membership portal and downloading these valuable documents.”

Additionally, RISC completed research regarding how voluntary repossessions are addressed in those states that require some type of licensing or bonding in order to service repossession assignments.

“The importance of this document is that it not only outlines those states that require some type of licensing but has examples of why only a professionally trained and properly insured collateral recovery specialist should be called upon to perform this type of work,” RISC explained.

“This document is meant as a training aide and a marketing tool to be given to your client.  Towers and auto auctions should not be recovering voluntary repossessions unless trained and insured to handle them appropriately and safely,” the company continued.

Furthermore, RISC also added checklist forms that outline disaster preparations. The company said these forms were designed by a global insurance company specifically to handle preparations in the event of a catastrophe or sudden disaster.

“As we continue looking for enhancements to the RISC Agent Alliance Member Profile there is now an option to add your company logo to the profile on the RISC website and to the marketing PDF,” RISC officials insisted. “More enhancements will continue.  We appreciate your support.”

For more details, visit www.riscus.com.