CFPB's recent Outline of Proposed Rules - Initial Reaction from Industry Experts

Debt Collection & Buying

Business Liquidation: A Practical Exit Strategy for Small and Mid-Size Business Owners

Learn how business liquidation works, when to use it, and the steps to close a company effectively.

Debt Collection & Buying

Georgia's Debt Collection Rules: Unlicensed and Unbothered?

Do collection agencies have to be licensed in Georgia? The answer might surprise you: No, Georgia does not require collection agencies to obtain a state license. This makes Georgia an outlier in the debt collection industry, where most states have strict licensing requirements. Here's what you need to know: No state licensing required - Georgia [...]

Debt Collection & Buying

Compliance Corner: What Regulators May Expect You To Know About the AI Tools You're Using in Your Collection Agency

AI keeps reshaping financial services, and collection agencies are adding AI tools to streamline operations, strengthen compliance, and improve consumer engagement. With that innovation comes responsibility and a growing need for clarity on legal, ethical, and regulatory questions. Emerging technology like AI is top of mind for state financial services regulators, who increasingly ask how licensees use these tools.

Licensing

Changes of Control: Cornerstone Series #2

Cornerstone Support has partnered with The National List of Attorneys to do a blog series on licensing. Cornerstone Support is a licensing service provider to the collection industry. You can learn more about The National List of Attorneys and view our blog series by visiting their website. Below is the second article in the series. [...]

Licensing

The Changing Landscape for Collection Agencies

A Greek philosopher notably observed that the only constant in life is change. And so goes the collection industry. Just when collection agencies thought they could breathe a collective sigh of relief after implementing Regulation F, new state and federal statutes and regulations have come to the fore which potentially impact collection agencies. This article [...]

Licensing

Choosing the Right Vendor for your Business

Does it seem like every time you turn around there are more vendors to choose from when it comes to your business? It's a job in itself to choose your next vendor partner. However, having the RIGHT vendor is critical to the success of your business. Vendors can be a great help when it comes [...]