In this clip Kevin Prone from FourNet and Kevin Still discuss the increasing pace and complexity of regulatory environments, emphasizing the need for vigilance and adaptation.
There is the challenge of keeping up with an exponentially growing number of factors requiring oversight, advocating for the implementation of proportionate controls and they acknowledge the costs involved in adapting to these challenges, especially for smaller entities like debt buyers, collectors, and advice firms, which operate in a space dominated by much larger financial institutions like insurance firms and banks.
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