article thumbnail

Ensuring Regulatory Compliance with the Right Debt Management & Collections System

Qualco

Check out some of the key insights covered in the report ⤵️ 1 Regulatory Compliance as the Key to Resilient Collections Debt collection in the EU is governed by a web of stringent regulations, including the General Data Protection Regulation (GDPR), Revised Payment Services Directive (PSD2), the upcoming Artificial Intelligence (AI) Act, and more.

article thumbnail

Trade Body calls on Government to improve its Debt Collection methods

UK debt collections

In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on the Government to improve its debt collection methods for collecting debts to help service users more effectively and boost collections revenues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Introduction to an ML-Powered Debt Management Approach

Qualco

Regulatory compliance and data governance are also key points to consider here. Building a data roadmap around the data repository Moving on, creditors need to ensure that they include all the data needed for various problems that need answers and that they track their impact.

article thumbnail

MP’s lobby Government for new Debt Collection Laws

UK debt collections

A mixed party collaboration of MP’s has written to the Chancellor requesting new legislative measures to reform the government’s debt collection practices. The 50 strong group of MP’s is urging chancellor Rishi Sunak to support the creation of a Debt Management Bill. Peter Turton of Stepchange said. “We

article thumbnail

How to Avoid Mistakes with the Right Debt Management Software

Qualco

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. Download it here.

article thumbnail

What Is A Letter Before Action? Our Guide

Hudson Weir

For any company owing money to the government, we recommend reading our HMRC debt management and collection guide. One potential solution is a time to pay arrangement , which spreads liabilities out over a 6-12 month timeframe and reassures HMRC that a business is trying to get out of debt.

article thumbnail

What Is Debt Management and How Does It Work?

Qualco

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. To find out more on how Qualco’s panel and asset management platform can help you optimise collections, contact us. Download it here.