News & Resources

The ongoing pandemic has forced the U.S. government to look for increasing methods to get money into the hands of business owners.

Once the COVID-19 pandemic passes and the various types of debt reprieves outlined in the CARES Act expire, businesses will be faced with how to collect monies owed to them.

Identity verification has become an essential component for many of today’s businesses, especially financial institutions and e-commerce companies. Know Your Customer (KYC) and Anti-Money Laundering (AML) rules are driving the development of identity verification techniques throughout the world, although each country has its own regulations and organizations to enforce these rules.

Recently, the CFPB put forth a Notice of Proposed Rulemaking that could potentially impact how businesses approach conducting collections and recovery.

The restrictions put into place to alleviate the health crisis have lasted a lot longer than initially believed.