The Consumer Financial Protection Bureau (CFPB) has reversed its position on a high-profile regulation from the Biden administration, by formally joining the credit reporting industry in a legal request to strike down the Medical Debt Rule — a regulation that would have prohibited the inclusion of medical debt on consumer credit reports.
On Wednesday, April 30th […]
Arum Global, a leading provider of collections and recoveries transformation services, has joined the Receivables Management Association International (RMAI) as part of its strategic expansion in the United States.
This membership marks a further step in Arum Global’s international growth journey and supports its ongoing commitment to industry best practices in the receivables management sector. Since […]
Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025. Vikram Atal to serve as senior advisor through December 31, 2025.
NORFOLK, Va., April 7, 2025 – PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed […]
April 1, 2025 (Sacramento, CA) – The RMAI Certification Council announces the adoption of version 13.0 of the Receivables Management Certification Program (RMCP) after a lengthy development and review process. As of today, all new and renewing applications will be held to the newly revised standards.
Several significant enhancements were added to the program in […]
The Court of Appeals of Wisconsin, District I, recently held that the National Bank Act does not preempt the Wisconsin Consumer Act’s requirement to send a notice of right to cure to a borrower in default prior to filing a collection action. Bank of America., N.A. v. Riffard, No. 2023AP125, 2025 Wisc. App. LEXIS […]
Since June of 2019, Andrew Roskam has owned and operated his own regional debt buying company and related collection agency, Acctcorp International, Inc./Accounts Receivable, Inc.
The Vancouver Business Journal recently recognized him as part of the 2024 Class of Accomplished and Under 40. Accomplished & Under 40 program recognizes our young leaders who inspire while providing […]
The RMAI Certification Council announces the adoption of version 13.0 of the Receivables Management Certification Program after a lengthy development and review process. Several significant enhancements were added to the program in version 13.0, including:
Los Angeles, CA — Los Angeles Business Journal has spotlighted CSS Impact, a leader in financial technology solutions, for its groundbreaking use of artificial intelligence in debt collection. The feature, titled “CSS Uses AI For Collection,” details the company’s innovative AI agents, Ava and Ivan, transforming customer interactions in the debt recovery industry.
Over the past […]
Financial community comes together on practical ways to support people in debt
NORFOLK, Va., Feb. 20, 2025 – PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, and StepChange, the UK’s largest debt advice charity, recently partnered to highlight issues impacting people in debt in the United Kingdom. On […]