For sure.
It makes sense that if you're browsing your collection you would be able to set one of your items as your active jersey or logo, it's just mind boggling that they proved a screen that screams here's where to set them, yet it's nothing more than a ornamental façade.
I didn't understand what "My Collection" was until the end of last season (my first time playing NHL online) because it shows maybe half the cards you actually own.
When I asked in the forums about changing logos and jerseys, someone said to go to "Sets" then "Exchange Sets" then "Team Items Exchange" then from there you could try to find what jerseys, logos, arenas, etc. you had. When I chose the OHL home jersey I wanted, it set it as the away jersey because it was white. So you then have to go back through all those menus to select another one. And good luck guessing which jersey it will use an alternate one for.