Celebrating our 43rd Year Anniversary in the Collection Industry!

Regional Adjustment Bureau, Inc. (RAB), an industry leader and one of the largest collection agencies in the Mid-South, recently announced that it has entered into a settlement agreement with the Federal Trade Commission that resolves an investigation related to consumer collection matters. While increased scrutiny from federal government agencies has been occurring during the last several years, RAB worked cooperatively with the FTC in addressing the Commission’s concerns. As part of the settlement, RAB did not admit any of the allegations. “As a private collection agency with very large borrower account inventories that serves the type of creditors we serve, RAB takes regulatory compliance extremely seriously and invests heavily in industry-leading compliance programs to ensure appropriate, legal and compassionate business practices,” stated Robert Wyatt, Chief Compliance Officer of Regional Adjustment Bureau, Inc. “Although we could have chosen to vigorously defend ourselves in U.S. District Court, we determined that mounting a defense over what promised to be an extended period of time, and for claims that were several years old, would have been too costly and distracting to our employee-owned business. Working cooperatively and amicably with the FTC investigators, RAB is pleased to have resolved this matter quickly and is eager to continue to provide our world-class services to our clients.”

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Since our inception in 1971, Regional Adjustment Bureau has been a nationally recognized leader in receivables management. We make sure all your compliance issues are addressed including state licensing, network security audits and the protection of all sensitive information. Our collection specialists use all available tools to locate and liquidate debt in the most expedient manner while preserving customer goodwill.

 

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