Economists and other experts are trying to get a reading on whether a recession is on the horizon, and with it the possibility of a slowdown that could include job losses and an increase in repossessions. How are firms prepared for a potential rise in repossessions after overall levels have remained somewhat steady for several years? What progress has been made to handle more business in a compliant way? And many in the recovery management space are considering standardization of processes as part of the answer to the industry’s compliance requirements and challenges. All these topics and more will be discussed by execs from the leading forwarding companies that work with both finance companies and repossession agencies.

Takeaways:

  • The impact of big data and analytics on the recovery industry
  • What a potential recession means
  • How firms can be prepared for a potential rise in repo rates
  • How standardization and other strategies can help the recovery industry address compliance challenges

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