On May 28, 2025, Oklahoma Senate Bill 626 became law without the Governor’s signature. The legislation amends Oklahoma’s data breach notification law and will go into effect January 1, 2026.
The amendments include expansion of the definition of “personal information” by including, in combination with an individual’s first name or initial and last name:
Significant change at the Consumer Financial Protection Bureau continues.
McKernan Nominated for Treasury Role
Jonathan McKernan, originally nominated by President Trump to lead the CFPB, has instead been tapped for a senior role at the U.S. Department of the Treasury, according to a Treasury statement released Friday. McKernan, who had been awaiting Senate confirmation to head the […]
On April 11, 2025, North Dakota Governor Kelly Armstrong signed into law House Bill 1127 which is nearly identical to the Gramm-Leach-Bliley Act Safeguards Rule, including the more recent amendments regarding data breach notifications. The law will go into effect August 1, 2025.
Applicability
The law applies to “financial corporations,” which are “all entities […]
The Consumer Financial Protection Bureau (CFPB) has reversed its position on a high-profile regulation from the Biden administration, by formally joining the credit reporting industry in a legal request to strike down the Medical Debt Rule — a regulation that would have prohibited the inclusion of medical debt on consumer credit reports.
On Wednesday, April 30th […]
The Court of Appeals of Wisconsin, District I, recently held that the National Bank Act does not preempt the Wisconsin Consumer Act’s requirement to send a notice of right to cure to a borrower in default prior to filing a collection action. Bank of America., N.A. v. Riffard, No. 2023AP125, 2025 Wisc. App. LEXIS […]
The RMAI Certification Council announces the adoption of version 13.0 of the Receivables Management Certification Program after a lengthy development and review process. Several significant enhancements were added to the program in version 13.0, including:
Earlier today, President Trump fired Director Chopra from the CFPB. It’s been reported that the White House delivered the news via an email.
There has been speculation about whether Director Chopra would remain in his position following President Trump’s inauguration, but that uncertainty ends today. For several months, various candidates have been considered to replace Director […]
RMAI has learned that the New York City Department of Consumer & Worker Protection (DCWP) will publish later this week a revision to the Debt Collection Rule they adopted on August 12, 2024. The rule was originally scheduled to be effective December 1, 2024, but was later amended to be effective on April 1, 2025.
DCWP […]
The Certification Council is proposing edits to the Receivables Management Certification Program (RMCP). The Council is required to perform a review of certification program standards at least annually to ensure the program reflects “evolving industry best practices, input from key stakeholders and communities of interest, areas of Council concern, and recent regulatory and statutory changes.”
The […]
RMAI extends its thoughts of support to all of those affected by the wildfires in Los Angeles. RMAI recommends all members temporarily suspend collection calls and communications to consumers in Los Angeles County. Information on the impact of the Los Angeles wildfires can be found on the City of Los Angeles Emergency Management Department.
To find out more […]