On October 27, 2023, the Federal Trade Commission (FTC) announced approval of an amendment to the Gramm-Leach-Bliley Act Safeguards Rule. The amendment requires nonbank financial institutions to report to the FTC the unauthorized acquisition of unencrypted customer information involving at least […]
Are you looking to make an impact in the receivables management industry? Now is the time to run for the RMAI Board of Directors.
RMAI is seeking qualified candidates who wish to run for a two-year term on the Board of Directors. In 2024, there will be two (2) open Director seats on the […]
Awards Will Be Presented at the 2024 Annual Conference
Nominate an Industry Leader for the Bud Reitzel Award
Considered one of the industry’s founding fathers and a mentor to so many in the industry, Bud Reitzel brought integrity, innovative thinking, and passion to the industry he helped create. The values Bud instilled at Asset Acceptance […]
RMAI today announced that Executive Director, Jan Stieger, who has served in the role since January 2011, plans to retire in March 2024. “Under Jan’s transformational and inspirational leadership, RMAI has become a respected leading voice for the receivables management industry and its members tirelessly promoting the important role the industry plays in the credit […]
On Friday, September 15th, a federal court modified its injunction that had stopped a 2021 law reducing interest collected on consumer debt judgments in New York. That legislation, the New York Fair Consumer Judgment Interest Act (Act), reduced consumer debt judgment interest from 9% to 2% per annum and has been interpreted as applying to […]
On September 11, 2023, Governor John Carney signed into law House Bill 154, the Delaware Personal Data Privacy Act. This makes Delaware the twelfth state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, Iowa, Indiana, Tennessee, Montana, Texas, and Oregon. The Act will go into effect January 1, […]
RMAI extends its thoughts of support to all of those affected by Hurricane and Tropical Storm Idalia. RMAI recommends all members temporarily suspend collection calls and communications to consumers in the portions of Florida and Georgia who are directly affected by this emergency.
To find out more about all disaster declarations, visit the FEMA website at https://www.fema.gov/disaster/declarations.
RMAI extends its thoughts of support to all of those affected by the wildfires on the islands of Maui and Hawaii which are part of the state of Hawaii. RMAI recommends all members temporarily suspend collection calls and communications to consumers on the island of Maui and those communities on the island of Hawaii that are directly affected […]
On July 18, 2023, Governor Tina Kotek signed into law Senate Bill 619, making Oregon the eleventh state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, Iowa, Indiana, Tennessee, Montana, and Texas. The Act will go into effect July 1, 2024.
Applicability
The Act applies to any person that conducts […]
Today, RMAI issued a press release regarding a very concerning development where social media influencers have been promoting a step-by-step video on how to use the Better Business Bureau (BBB) to erase negative items on credit bureau reports, regardless of the veracity of the communication. The content of the press release is provided below: