shape
shape
shape
shape
shape
shape
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

Insights / 7 February 2025

Takeaways From AFSA 2025 Vehicle Finance Conference: From AI to the CIA

Shareholder Sara Costanzo recently attended the American Financial Services Association (AFSA) 2025 Vehicle Finance Conference in New Orleans, LA.
Read More
News / 4 February 2025

Cameron Deane Announced as New Office Managing Attorney for Weltman in Philadelphia

Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm, is pleased to announce the appointment of attorney Cameron Deane as the new Office Managing Attorney (OMA) in the firm's Philadelphia, PA office. Cameron succeeds shareholder Michael Dougherty who led the Philly office as OMA for 20 years.
Read More
News / 3 February 2025

Weltman Attorneys Named to the 2025 Ohio Super Lawyer Rising Star List

Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm with over 94 years of client service, is honored to announce two of its attorneys were named to the 2025 Ohio Super Lawyers Ohio Rising Stars list.
Read More

Join Our Email List

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

Contact Don

Donald A. Mausar

Shareholder
Contact

Join Our Email List