insideARM.com on Forbes: Michael Klozotsky on Debt Collectors as "Chopped" Liver

Last week’s big regualtory news–the CFPB’s newly proposed rule to include debt collectors and consumer reporting agencies under its nonbank supervision program–created a minor media frenzy around the ARM industry. Almost every major media outlet published something on the subject.

And like Lenny & Squiggy (thanks Mike Bevel) or Slip-n-Slides & Jell-O (thanks Patrick Lunsford), as soon as the mainstream media talking heads get all hot and bothered about the CFPB and debt collectors, it’s pretty much assured that the tall tales they’re going to tell would put Rip Van Winkle‘s storytelling to shame.

I happened to read just such an article over the weekend–one that described the debt collection industry as insidious, much-loathed, harassing, incessant, and problematic–and since it was Presidents Day and I had no need for a new mattress/washer/dryer/living room set/big screen TV/Honda/self-scooping litter box, I decided to publish a counterpoint on Forbes.com.

And since it was Washington’s Birthday and I was already thinking about cherries (because who doesn’t think about ripe, red cherries on a regular basis?) I decided to tie the whole thing together into one post: A Hatchet Job on Debt Collectors. It’s a little juicy (as in delicious Cran-Cherry juice). I hope you’ll agree.

Let me know what you think–via email, LinkedIn, in the comments here, in the comments on our blog, The Business of Receivables, on Forbes.com or via Twitter @mklozkgc.

Michael Klozotsky is the Chief Content Officer at insideARM.com. He owns a hatchet.