12 April 2024 / Donald A. Mausar

Roulette Wheel of Compliance: Pitfalls and Strategies

Shareholder Don Mausar recently spoke at the International Association of Commercial Collectors (IACC) 2024 Annual Convention. During his presentation, Roulette Wheel of Compliance, Don discussed current compliance topics, including potential pitfalls and recommended strategies.

Now, we’re sharing some of the takeaways from this informative presentation!

AI concerns and challenges
This is a hot topic in most industries. Things to watch out for include privacy and data security, ethical use of AI, legal compliance, the court’s affirmative rules against AI use, and the overriding concerns of fairness and accuracy.

Cybersecurity and data exchange 
In the computer age your cybersecurity is paramount. You need to protect your computer systems, networks, and data from unauthorized access, attacks, and damage. This process should be bookend to bookend and not to be taken lightly. You should have policies and procedures to address every aspect of cybersecurity and data exchanges.

Junk fees 
“Junk fees” as a generic term are under much scrutiny by regulators at the state and federal levels. Watch out for regulation of fees such as bank fees, credit card fees, and mortgage fees which may be possible in the future.
If you have additional questions about this topic, contact Don at any time. 

This blog is not a solicitation for business, and it is not intended to constitute legal advice on specific matters, create an attorney-client relationship, or be legally binding in any way.

Related Publications

News / 7 May 2024

Weltman Welcomes Two New Attorneys to Chicago Office

Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm with over 93 years of client service, is pleased to announce the addition of attorneys Amro Mustafa and Eli Newman to the firm's Chicago, IL office.
Read More
Insights / 2 May 2024

Real Estate Default: Takeaways From Our Recent #AskaPro Webinar

In another episode of our popular #AskaPro webinar series, we delved into the complexities of real estate defaults, covering a range of topics from foreclosure alternatives and evictions to litigation strategies.
Read More
Insights / 29 April 2024

Intrapreneurial Success: A Guide for the Self-Motivating Claims Professional

I recently attended the Say It Loud, Say It Proud, I am in Subrogation webinar, by chief personnel officer Cortney Helfrich of the Wilber Group. During this webinar, a unique concept was discussed; an intrapreneur.
Read More

Join Our Email List

Get the latest articles and news delivered to your email inbox!

Contact Don

Donald A. Mausar


Join Our Email List