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Frequently Asked Questions
Answers to the most frequent questions we receive about our the receivables management industry, our organization and the members we represent.
Receivables Management Association International is the nonprofit trade association that represents more than 550 companies that support the purchase, sale, and collection of performing and nonperforming receivables on the secondary market. RMAI member companies include debt buyers , collection agencies, law firms, originating creditors, international members and industry-related product and service providers. RMAI provides its members with extensive networking, educational, and business development opportunities in asset classes that span numerous industries. The association publishes a bi-annual magazine and newsletter, provides educational and networking opportunities at major forums, events and conferences, represents the membership before federal and state agencies, and supports the industry where appropriate in appellate cases.
RMAI serves as the voice of the accounts receivables managementindustry, representing members before federal and state policymakers and in the courts. Despite a clearly challenging landscape, RMAI has maintained an unparalleled level of success for:
- Negotiating a positive outcome on bills that we negotiated at the state level
- Engaging lobbyists in numerous states, including California, Connecticut, Oregon, Massachusetts, Colorado, Maine, New Hampshire, amd Washington, to name a few
- Maintaining a strong presence in Washington, D.C. and continuing to developing influential relationships with the CFPB, FTC and OCC
- Consistently educating local, state and federal policymakers on the important and critical role the industry plays in the credit ecocycle
RMAI created the Legislative Fund to extend the impact of RMAI’s advocacy activities beyond what would be possible otherwise. The Legislative Fund provides critical financial resources that enable RMAI to engage and educate legislators around the country and more effectively support or oppose legislation. Make a contribution to support RMAI’s legislative efforts! Click here.
Yes! We share helpful information and tools with consumers for making informed financial decisions and taking control of their finances. You can visit our consumer financial literacy website at FinancialLiteracy.Rocks. We also provide quick links to consumer agencies. Click here.
RMAI’s Receivables Management Certification Program offers professional designations to businesses and individuals operating and employed within the accounts receivables industry. RMAI launched the Certification Program in 2013 with a stated mission to “provide enhanced consumer protections through rigorous and uniform industry standards of best practice.” Often cited as the “gold standard” due to requirements that go above and beyond what is required by law, the program certifies collection agencies, debt buying companies, collection law firms, brokers, and vendors. Click here.
Why join? Here’s what current members have to say:
“The fact that RMAI comprises debt buyers, brokers, sellers, vendors, agencies, law firms, and service providers really makes for a comprehensive, productive marketplace.”
– Todd Lansky, CRCP, CPRP, Resurgence Capital, LLC
“Networking opportunities have allowed me to expand my business and, more importantly, develop bonds that transcend a mere business relationship.”
– Steven Cohen, CRCP, Law Offices of Steven Cohen
“Membership in RMAI allows us to actively participate with lawmakers around the country to get our points of view heard.”
– Marian Sangalang, CPRC, The Bureaus, Inc.
“It is imperative that we join an organization that advocates for the companies in this industry to do business in a compliant manner. I want to be a part of an organization that keeps a pulse on all regulatory matters, holds us to the highest compliance standards, and puts our donations to work in a legislative advocacy fund. You should want to be part of that organization too.”
– Jeremiah Wheeler, CRCP, Digital Recognition Network
Email news and press releases to our Communications Manager at cnelson@rmaintl.org.
