RISC, Hudson Cook update collateral recovery training program
RISC announced that with support from Hudson Cook, it recently completed the 2020 update of the education firm’s training certification program — CARS Financial Client (CARS FC).
The firm reiterated this week that the CARS FC certification program was created for financial clients, including national forwarding companies and lending institutions, to provide a comprehensive understanding of the state and federal laws that apply to self-help repossession.
RISC indicated in a news release that the course update aligns the content with current federal law and the addition of the Equal Credit Opportunity Act (ECOA).
RISC developed this certification curriculum in 2017 to support industry professionals who do not perform repossessions and is updated annually.
This online training program takes enrollees through all aspects of the repossession process, from government regulations to possible liability traps, and teaches best practices. The program covers topics such as:
• Consumer Financial Protection Bureau oversight
• Fair Debt Collections Practices Act (FDCPA)
• Dodd-Frank prohibition on Unfair, Deceptive, and Abusive Acts and Practices (UDAAP)
• Telephone Protection Act
• Servicemembers Civil Relief Act
• Crimes and torts
RISC noted that CARS FC is an online course administered on its educational platform that can allows for self-paced training.
The firm pointed out more than 5,000 people are certified annually with RISC's CARS FC, CARS, and CARS Continuing Education programs.
To learn how to train yourself or your employees, contact RISC at firstname.lastname@example.org.