OPEN finance expert Mike Periu on a recent development in the debt collection industry.
For the first time ever, companies in the business of collecting unpaid debts from consumers and students will be supervised by the Federal government through the Consumer Financial Protection Bureau (CFPB). Beginning on January 2, 2013 the CFPB will ensure that these companies are properly identifying themselves to consumers, act in a civil manner, accurately communicate debt owed and have a conflict resolution process in place. The CFPB’s authority, however, is limited to companies that collect $10 million or more in debts annually, which represents only about 175 debt collection companies. This leaves some of the smaller—and potentially shadier—players in the clear.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
