Member Alert: CFPB Releases Model Validation Notice in Spanish

The Consumer Financial Protection Bureau this week released a Spanish-language version of the model validation notice in Regulation F.  The CFPB provided the model validation notice for debt collectors to comply with the provisions in the new rule regarding disclosures to consumers.  Use of the model notice provides a safe harbor to debt collectors.

The final […]

2021-10-22T11:23:00-07:00October 22, 2021|Member Alerts|

Member Alert: California Governor Signs Two Collection Bills Into Law

Yesterday, Governor Newsom of California signed AB 1020 and SB 531 into law. Both laws will impact debt collection activities in California and should be reviewed by both legal counsel and operations to ensure compliance.

California AB 1020 – This law takes effect on January 1, 2022. The law will primarily impact hospitals, collection agencies, […]

2021-10-06T15:13:36-07:00October 6, 2021|Member Alerts|

Member Alert: DFPI Debt Collector License Application Due By December 31, 2021

As RMAI has previously reported to our members, starting January 1, 2022, anyone collecting debt in California must be licensed by the Department of Financial Protection and Innovation (DFPI).  DFPI recently sent out the message below with details on the application process and requirements, which we felt would be helpful to RMAI members. The 

2021-08-30T14:39:55-07:00September 1, 2021|Member Alerts|

RMAI Recommends Suspension of Communications to Consumers Affected by Hurricane/Tropical Storm Ida and California Wildfires

Louisiana Prohibits Telephonic Solicitations

RMAI extends its thoughts of support to all of those affected by Hurricane/Tropical Storm Ida and the California wildfires. RMAI recommends all members temporarily suspend collection calls and communications to consumers in the portions of the following states directly affected by an emergency:

  • California
  • Louisiana
  • Mississippi

To find out more about all […]

2021-08-30T14:41:08-07:00August 30, 2021|Member Alerts|

Member Alert: CFPB Confirms November 30th Effective Date for Debt Collection Rule

Get your ducks in a row – the final debt collection rule goes into effect November 30, 2021.

Coming as a surprise to everyone, the Consumer Financial Protection Bureau decided not to extend the implementation date of the debt collection rules.

RMAI recorded several webinars on Regulation F, and encourages members to utilize these resources […]

2021-10-06T15:16:04-07:00July 30, 2021|Member Alerts|

RMAI Member Alert – Maine and Minnesota Enact New State Laws in June

July 2, 2021

Maine and Minnesota Enact New State Laws in June

RMAI monitors, tracks, and responds to legislative and regulatory activity in all states and at the federal level. Backed by RMAI’s State Legislative/Regulatory and Federal Legislative/Regulatory Committees, RMAI advocates on how proposals would affect the receivables management industry and […]
2021-10-06T15:18:17-07:00July 2, 2021|Member Alerts|
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