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Old well in two weeks debt collectors will be under even more scrutiny they're already under FTC and state regulations that soon.
Well also be under the consumer financial protection bureaus -- and Jeff Flock.
He's on the case joining us with industry reaction -- And -- -- now and Sheryl exclusive live look behind the scenes inside a debt collection agency you know I think we expected to see people with whips in here or hot lamps are some things but -- at all has been good enough to.
We'll let the CN NC behind the curtain.
It looks like a reputable business well we're very excited about being in business we've on the company for nineteen years and -- the professional industry.
You know were charged with collecting -- in this country.
Professionally and ethically we take great pride in doing that I was gonna say you've -- -- you went from about five employees now to about how many reached close to thirty now -- give me your fear is we spend around may be lower takes a look at the it looks if you look on the wall over there but -- the spirit smiled everyone be polite to.
Obviously there's some bad actors in this business and that is what potential this consumer.
A financial protection bureau is going on target.
Yeah yeah I think you're right you look at this industry -- you really have to understand that for the majority of agencies that operate in this country and that collection services.
They act honorably the abiding by the laws.
And they're collecting dead in an ethical manner unfortunately.
There's just a small percentage of bad actors found that -- a real problem for this industry and their concern here is that perhaps because of that.
This new consumer financial protection bureau may come in with some strict regulation that may cause them to.
Have their job be even harder these days sure ocean -- today's jobs number again bad news that means more people probably can't pay.
A bill -- that means they wind up.
On the phone with folks here.
All right -- Well as the Pope as polite as they could be is always good Jeff Flock thank you very much Jeff for that report coming up next up.
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