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With identity theft a widespread issue in the financial services industry, banks and ARM companies are under increased pressure to ensure consumers’ sensitive identification, contact, and financial information is kept safe. In fact, a number of recent state and federal laws and regulations codify certain requirements for handling financial data. Firms in the ARM industry must adhere to a host of standards, including the Payment Card Industry Data Security Standard (PCI DSS), the financial privacy and safeguards rules in the Gramm–Leach–Bliley Act (GLBA), the FTC’s Red Flags Rule for identity theft, information security standard ISO 27002, HIPAA and the HITECH Act for the healthcare sector, and the Federal Information Security Management Act of 2002 (FISMA) for those collecting on government contracts. Auditing standard SAS 70 is also required for many in the financial services industry that use outside vendors such as debt collection agencies.

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LiveVox Announces the "Four Clouds", A TCPA Risk Mitigation Suite

24 June 2014

Peacock Consulting Upgrades CastIMS Compliance Management System

11 June 2014

FTC Calls for Congress to Act on Consumer Data Issues, Specifically Skip Tracing

28 May 2014

CBE Companies Announces Formation of LocateSmarter

27 May 2014

Why does Amazon Know More About Our Customers than the ARM Industry?

7 May 2014

F.H. Cann & Associates Achieves FISMA Compliance

7 May 2014

RevSpring Sponsors "Building a Transformational Compliance Program" Webinar

2 May 2014

VeriFacts, Inc. Exceeds Data Security & Compliance Requirements, Achieves TECH LOCK Certified

21 April 2014

Unifund Earns Designations Under DBA International Debt Buyer Certification Program

8 April 2014

TECH LOCK Achieves HITRUST Common Security Framework Assessor Designation

8 April 2014

Service Provider Compliance Is Key - Are You Ready?

31 March 2014

How Greater Visibility of Suppliers Can Aid Both Compliance and Performance

10 March 2014

TECH LOCK, Inc. Announces New Michigan Headquarters and Services Expansion

6 March 2014

The Affiliated Group Taking a Compliance-First Approach to Collections; Retains TECH LOCK, Inc. to Perform Onsite PCI DSS Assessment

5 March 2014

FBCS, Inc. Announces Renewal of PCI-DSS Certification

5 March 2014

Automated Collection Services Obtains the ARM Industry "Data Security Gold Standard" TECH LOCK Certified

4 March 2014

Senate Bill Protecting Consumer Data Ripples Out to Debt Collection

18 February 2014

Callcredit Information Group Acquired by GTCR from Vitruvian

18 February 2014

Collections Credit Card Processing Company Payment Savvy LLC Now Offers Merchant Account Security

4 February 2014

CDS Software Achieves SSAE 16 Type II Certification

29 January 2014

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