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 […]
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, […]
License Applications Must Be Submitted No Later Than January 1, 2022
The Minnesota Department of Commerce spearheaded a multi-year legislative effort to update Minnesota’s Collection Agency Act which resulted in the enactment of Chapter # 4 of the First Special Session of 2021 (relevant text appears on pages 54-64). Included in this […]
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
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:
To find out more about all […]
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 […]
July 15, 2021
REVISED – DC Emergency Legislation – RMAI to Offer Webinar on Tuesday, July 20
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July 15, 2021
DC Emergency Legislation – RMAI to Offer Webinar on Tuesday, July 20
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July 2, 2021
Maine and Minnesota Enact New State Laws in June
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June 25, 2021
TransUnion, LLC v. Ramirez – Supreme Court Decision of Importance Today the Supreme Court of the United States handed down its decision in TransUnion, LLC v. Ramirez holding in a 5-4 decision that only persons who suffer a concrete harm from a statutory violation have standing to sue […] |