April 23, 2020: Under Indiana law, the Indiana Supreme Court has supervisory authority to issue Orders to protect the public interest on an emergency basis. Earlier this month, the Indiana Supreme Court invoked this authority to prohibit Indiana courts from issuing new writs of attachment, civil bench warrants, or body attachments until the expiration of […]
April 20, 2020:
New York
On Saturday April 18, 2020, New York’s attorney general said banks and debt collectors cannot freeze or seize stimulus funds.
Under New York law, certain types of property — including public benefits like public assistance, social security, and veterans’ and retirement benefits — are exempt from execution, levy, attachment, garnishment, or other […]
April 20, 2020: On March 18, 2020, as the COVID-19 pandemic was taking over the news cycle, Washington Governor Jay Inslee signed into law HB 2476 by Rep. Amy Wallen (Chapter 30 of the Laws of 2020). This new law which takes effect on June 11, 2020, should be analyzed carefully by debt buyers […]
April 16, 2020:
Washington
On April 14, 2020, the Governor of Washington issued an emergency proclamation temporarily prohibiting the garnishment of wages and other income to collect judgments, and the accrual of post judgment interest on such judgments for consumer debt throughout Washington State. Consumer Debt is defined in Washington code section RCW 6.01.060(2) as: “[A]ny obligation […]
(Sacramento, CA): On Monday, April 13, 2020, the Receivables Management Association International (RMAI) delivered a letter to U.S. Treasury Secretary Steven Mnuchin in support of recent efforts to ensure that direct funds distributed to households through the Coronavirus Aid, Relief, and Economic Security (CARES) Act are not subject to collection as part of resolving outstanding […]
April 15, 2020: Fairfield, NJ – Vertican Technologies, a global leader in the debt collection software industry, announced today the retirement of founder and chief executive officer, Stevan H. Goldman and promotion of Isaac Goldman.
Stevan has been a pioneer of the Accounts Receivable Management (ARM) industry for more than four decades, revolutionizing the way data collection […]
April 13, 2020: In response to the COVID-19 state of emergency, the Receivables Management Association International (RMAI) will issue updates periodically with guidance for our members. The summary below includes some information we previously communicated on 3/17/20, 3/20/20, and 3/24/20, plus new guidance on the use of Federal Stimulus Funds. Please take a few minutes […]
In response to the COVID-19 state of emergency, the Receivables Management Association International (RMAI) is issuing updates periodically with guidance for our members. RMAI maintains a COVID-19 resource page on the RMAI website that is accessible without a member password. Included on this webpage are COVID-19-related member alerts, […]
April 9, 2020: On April 7, 2020 Washington DC City Council passed the COVID-19 Response Supplemental Emergency and Temporary Amendment Act of 2020. The new rules for debt collection in Washington DC take effect immediately for a period spanning the duration of the state of emergency plus 60 days. Under the authority vested in him, […]
Duluth, Georgia, April 7, 2020 — Crown Asset Management, LLC announced today that it has made a contribution to a local food service provider, Gourmet Innovations, to fund meals for frontline service care providers involved in the fight against the coronavirus pandemic in the Atlanta metropolitan area.
Crown Asset Management is a leading accounts receivable management […]