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On August 12, 2024, the New York City Department of Consumer and Worker Protection (DCWP) published its long-awaited amendments to the City’s Debt Collection Rule and an FAQ. DCWP has been working on revisions to this rule since November 2022. It was the subject of two public comment periods which […]

On May 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued an “interpretive rule” that regulates certain “Buy Now Pay Later” (BNPL) consumer transactions like credit cards. As an “interpretive rule,” the Bureau is providing guidance as to how existing law applies to covered BNPL transactions. It does not create any new law or regulation.

The […]

Yesterday, RMAI leadership met with Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) in Washington, DC. RMAI was represented by RMAI Immediate Past President Anne Thomas, RMAI Board Member Kelly Knepper-Stephens, RMAI Past President Jim Mastriani, and RMAI Executive Director Mike Becker. Director Chopra […]

On June 3, 2024, the Consumer Financial Protection Bureau (CFPB) announced the adoption of its final rule establishing a registry to “detect and deter” corporate offenders that have broken consumer laws and are subject to regulatory or court orders. In December 2022, the CFPB had issued proposed rulemaking and […]

On May 9, Connecticut Governor Lamont signed into law Senate Bill 395 restricting the furnishing of “medical debt” by certain covered entities.  The law defines medical debt as “an obligation or alleged obligation of a consumer to pay any amount related to the receipt by the consumer of health care goods or health care […]