October 30, Madrid. Debex (a European trade mark of Debexpert), an online auction for legal entities to buy and sell delinquent debts, has started operating in Spain. The first successfully sold pool was the Prestamer’s debt portfolio.
“The Spanish delinquent debts market looks very attractive. With the high volume of debts sold, the volume […]
On October 30, 2020, at approximately 1:00 P.M. Eastern, the Consumer Financial Protection Bureau (CFPB) released the long-awaited final Debt Collection Rule (Rule). This Rule, amending Regulation F, 12 CFR Part 1006, was promulgated by the CFPB at the direction of Congress to implement the Fair Debt Collection Practices Act (FDCPA) and prescribe Federal […]
CONTENTS:
State Updates – Order Extension, Automatic Exemption
Colorado Extends Period Restricting Use of Extraordinary Collection Activities Due to COVID-19
On October 25, 2020, the Administrator of Colorado’s Uniform Consumer Credit Code (“Administrator”), issued an Order, published in the Colorado Register on October 25, 2020, pursuant […]
RMAI extends its thoughts of support to all of those affected by Hurricane Zeta. RMAI recommends all members temporarily suspend collection calls and communications to consumers in the portions of the states of Louisiana and Mississippi directly affected by the hurricane.
The State of Louisiana issued a State of Emergency for Hurricane Zeta 144 JBE 2020 which extends from […]
CONTENTS:
State Updates – Automatic Exemption of Emergency Relief Payments Pending
State of Virginia Protection of COVID Payments from Creditor Remedies
On October 16, 2020, the State of Virginia voted to amend Virginia Code Section 8.01-512.4 to:
The FFAM360 Alliance of Companies is fundraising for the Breast Cancer Research Foundation this October. This annual Breast Cancer Awareness Month campaign helps increase attention and support for the awareness, early detection, and treatment of this disease.
FFAM360 Joins GCFS to Make a Difference in 2020
The team at FFAM360 is partnering with the Global […]
Branding Arc announces the donation of marketing support aimed at increasing awareness for Stop Abuse. This contribution will help reach child sexual abuse victims who have been silenced during stay-at-home orders resulting from the coronavirus pandemic.
The pandemic and subsequent school closures have kept children away from teachers and school personnel who often assist victims […]
CONTENTS:
State Updates – Order and Rule Extensions
Washington, D.C. Extends COVID Order
In response to the COVID-19 pandemic, the Mayor of Washington, D.C. issued a ban on collections within its jurisdiction to last until 60 days after the emergency order is lifted. The […]
October is National Cybersecurity Awareness Month. This year, unlike any other, Americans of every age are spending more and more time online. Working from home, meeting by Zoom, ordering groceries, and attending school have become a way of life rife with opportunities for identify theft. National Cybersecurity Awareness Month reminds all of us to think […]
As the COVID-19 pandemic continues and enters new phases, RMAI is committed to keeping you informed. We distribute weekly Member Alerts when warranted with guidance for our members. RMAI continues to maintain our COVID-19 resource page on the RMAI website, conveniently accessible without a member password. Included on this […]