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Although the CFPB has the potential to be ruled as unconstitutional by the Supreme Court within the next few months, New York has started making efforts on the state-side to provide added protection for consumers. CEO of Capital Compliance Group Jud Phillips shares what agencies should prepare for and what it means for the industry. One thing is certain, the newly proposed protections will have a strong impact on debt collectors within New York State and other states in the future. Use the timestamps below if there is a topic you want to skip to! New York State’s Proposed Debt Collection Legislation (1:15) Will The Proposed Debt Collection Legislation Pass? (5:40) Negative Impact of Tighter Restrictions on Debt Collection Agencies (7:30) Two Schools of Thought on Debt Collection Restrictions (12:25) Additional Steps Debt Collection Agencies Can Take (13:35) About Our Guest Jud Phillips is the CEO of Capital Compliance Group and has a strong background in law and business. In his current role, he is considered a recovering attorney. His company primarily provides licensing, but also provides compliance and consulting services for companies in the debt collection industry. To learn more, click here: https://blog.arbeitsoftware.com/propo...