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SIMM is a full service nationally licensed ARM company providing collection solutions to the student lending, consumer lending, credit/retail card, healthcare, auto finance, credit union and debt buying industries. SIMM holds the following certifications: PCI Level 1, ISO 27002 and SSAE16 Type II. Our Experience.
It behooves debt collectors - really, anyone in accountsreceivablemanagement - to know and understand the restrictions surrounding telephone communication. action to recover for actual monetary loss from such a violation, or to receive $500 in damages for each such violation, whichever is greater.”
Updates to the Gramm-Leach-Bliley Act (GLBA), the Safeguards Rule , provide financial institutions, including those in the accountsreceivablemanagement industry, with requirements on how to safeguard customer information, went into effect on June 9. On the regulatory front, data protection is making headlines. 9%) to $17.05
Proactive accountsreceivablemanagement and commercial debt collection services can help prevent unpaid debts from escalating into legal disputes. Sector-Specific Debt Growth : Retail, hospitality, and construction businesses are seeing the highest increases in outstanding debt. in Q3 of 2023, up from 1.5%
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