Compliance
Committed to best practices, compliant recoveries, and brand protection.
Navigating Compliance Challenges in Asset Recovery
In today’s stringent regulatory environment, safeguarding your brand reputation is more critical than ever. At American Recovery Service (ARS), we understand the immense challenges financial institutions face in maintaining compliance while navigating the complexities of asset recovery. That’s why we have developed one of the most robust compliance programs in the nation, providing you with the peace of mind you need to focus on your core business.
Varied Expertise in Compliance
Our Office of Compliance is the backbone of our commitment to excellence. This office includes individuals from diverse backgrounds in law enforcement, security, regulatory auditing, and compliance training. The experience gained in these fields contributes to a culture of knowledge, discipline, strategy, and execution. Many companies in the repossession portfolio management space rely solely on automated systems as their means of ensuring compliance – American Recovery Service does not; we employ team members solely dedicated to account review, client audits, regulatory and state tracking, complaint management, and so much more.
Our team at a glance:
Navigating Compliance Challenges in Asset Recovery
In today’s stringent regulatory environment, safeguarding your brand reputation is more critical than ever. At American Recovery Service (ARS), we understand the immense challenges financial institutions face in maintaining compliance while navigating the complexities of asset recovery. That’s why we have developed one of the most robust compliance programs in the nation, providing you with the peace of mind you need to focus on your core business.
Varied Expertise in Compliance
Our Office of Compliance is the backbone of our commitment to excellence. This office includes individuals from diverse backgrounds in law enforcement, security, regulatory auditing, and compliance training. The experience gained in these fields contributes to a culture of knowledge, discipline, strategy, and execution. Many companies in the repossession portfolio management space rely solely on automated systems as their means of ensuring compliance – American Recovery Service does not; we employ team members solely dedicated to account review, client audits, regulatory and state tracking, complaint management, and so much more.
Our team at a glance:
Data Protection
As we are all well aware, the financial industry has many regulatory minefields to navigate. Enforcement actions by the Federal Trade Commission and the Consumer Financial Protection Bureau have substantially increased since the passage of Dodd-Frank in 2009. To that end, we have implemented some of the industry’s highest standards in protecting your data.
The Office of Compliance maintains an annual SOC 2 Type 2 certification and completes annual Standardized Information Gathering (SIG) questionnaires across a wide array of national lending institutions. The results are reviewed in partnership with the Information Technology department to ensure the highest standards for data security protocols. The team also manages campus security, including physical access control, alarm monitoring and response, document gathering and destruction at end of life, and on-campus incident response.
Data Protection
As we are all well aware, the financial industry has many regulatory minefields to navigate. Enforcement actions by the Federal Trade Commission and the Consumer Financial Protection Bureau have substantially increased since the passage of Dodd-Frank in 2009. To that end, we have implemented some of the industry’s highest standards in protecting your data.
The Office of Compliance maintains an annual SOC 2 Type 2 certification and completes annual Standardized Information Gathering (SIG) questionnaires across a wide array of national lending institutions. The results are reviewed in partnership with the Information Technology department to ensure the highest standards for data security protocols. The team also manages campus security, including physical access control, alarm monitoring and response, document gathering and destruction at end of life, and on-campus incident response.
Unrivaled expertise: America’s most trusted asset recovery solution.
Experience the confidence of partnering with a trusted industry leader. Contact us today to discover how our integrated compliance processes, innovative technology, and client-centric approach can streamline your recovery process and maximize asset value.
Unrivaled expertise: America’s most trusted asset recovery solution.
Experience the confidence of partnering with a trusted industry leader. Contact us today to discover how our integrated compliance processes, innovative technology, and client-centric approach can streamline your recovery process and maximize asset value.
