RMAI has been informed by the New York City Department of Consumer Affairs (DCA) that in response to the industry letter and an industry call yesterday that DCA has agreed to a 60-day enforcement grace period on its foreign language rules beginning from the effective date of the rule (June 27). In addition, DCA will […]
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State Updates: NY Court Operations and Debt Collection Status
New York
More New York State In-Person Courthouse Operations Restored
More good news from the State of New York. Chief Judge DiFiore announced five of the state’s upstate regions have entered Phase 3 of the state’s economic […]
June 12, 2020: On May 28, 2020, the New York City Department of Consumer Affairs (DCA or Department) adopted new rules requiring debt collectors to inform consumers about whether foreign language access services are available and to retain records relating to language access services. Specifically, these rules require debt collectors as of June 27, 2020 to:
1) […]
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State Updates: Debt Collection Status and Reopening Guidance
Washington
Proclamation by the Governor – Debt Collection Prohibition Extended through June 17, 2020
On May 29, 2020, the Governor of Washington issued an Order extending the restrictions placed on garnishment proceedings. The purpose of the Order is […]
June 10, 2020: On June 1, 2020, the Final Text of Regulations (Regulations) relating to the California Consumer Privacy Act (CCPA) was filed by the California Attorney General (AG) with the California Office of Administrative Law.
The AG submitted a request for an expedited review and approval of the submitted Regulations in order […]
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State Updates: Reopening Guidance and Court Operations
Nevada
Nevada Financial Institutions Division – Collection Agencies Can Operate
The Nevada Financial Institutions Division (FID) released updated guidance today advising that collection agency licensees can operate their business while following state and federal orders and guidance. To view […]
June 4, 2020: In 2015, in the matter of Madden v. Midland Funding, LLC, the Second Circuit made news in the lending and debt buying industries when it held a non-bank purchaser of bank-originated credit card debt was subject to New York State’s usury laws. See, Madden v. Midland Funding, LLC., 786 F.3d 246, 250-51 […]
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State Updates: Updated Regulatory Guidance and Recovery Loan Programs
Connecticut
No Action Position Regarding Temporarily Working from Home Due to COVID-19 Extended
On May 20, 2020, the State of Connecticut’s Department of Banking issued an announcement indicating it would continue to allow consumer collection agencies to operate […]
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State Updates: Debt Collection Suspension Status and Regulatory Guidance
New York
Suspension of State Debt Collection Renewed
New York State: On May 15, 2020, recognizing many New Yorkers are still suffering physically and economically from the impact of the COVID-19 pandemic, New York […]
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State Updates: New York Court of Appeals, New York State Court System and New York City County Clerks
New York
New York Court of Appeals Adopts Electronic Filing
On Monday May 11, 2020, the New York Court of Appeals (Court) issued a Notice to the Bar announcing rule changes intended to […]