On March 23, 2023, Utah Governor Spencer Cox signed into law Senate Bill 127 which amends the state’s data breach notification statutes. The amendments go into effect May 2, 2023.
The amendments include:
A requirement that following a breach of system security, if the investigation reveals that the misuse of personal information relating to 500 […]
RMAI Diversity Equity Inclusion Program Baseline Recommendations
RMAI introduces a new guide for the accounts receivables management industry, Implementing Diversity Equity Inclusion Best Practices: RMAI Diversity Equity Inclusion Program Baseline Recommendations. This companion guide to the January 2022 Consumer Financial Protection Bureau (CFPB) Report on Diversity and Inclusion within Financial Services identifies the […]
The RMAI Certification Council announces the adoption of version 11.0 of the Receivables Management Certification Program (RMCP) after a lengthy development and review process. Several significant enhancements were added to the program in version 11.0, including:
Receivables Management Association International (RMAI) is pleased to launch another new educational resource for the accounts receivables management industry, An Overview of Bankruptcy for the Accounts Receivables Management Industry. Within the ever-changing world of recovery management, bankruptcy cases and account management require a specialized understanding of the complexities involved with minimizing risk while maximizing cash […]
On February 27, 2023, Wyoming Governor Mark Gordon signed into law House Bill 284 by Representative Tom Walters that requires debt buyers be licensed as collection agencies in Wyoming as of July 1, 2023. The term “debt buyer” is defined as “any person that is regularly engaged in the business of […]
The Receivables Management Association International celebrated its 26th Annual Conference in Las Vegas, February 6-9, 2023. Wanting to give back to the Las Vegas community while presenting the Annual Conference there, RMAI organized a charity fundraiser to support The Shade Tree, a Las Vegas charity that provides shelter and services to women in need, as […]
The annual business meeting of the Receivables Management Association International will be held at RMAI’s 2023 Annual Conference on Wednesday, February 8, 2023, at 9:00 am at the Aria Resort & Casino in Las Vegas, Nevada. Please join the business meeting to hear reports from the Executive Director, President, and Treasurer. The minutes from the 2022 […]
On January 26, 2023, RMAI submitted comments in response to the Consumer Financial Protection Bureau’s Section 1033 Small Business Regulatory Enforcement Fairness Act Outline of Proposals. RMAI previously submitted comments in response to the Bureau’s Advance Notice of Proposed Rulemaking on the subject.
As background, § 1033 of the Consumer Financial Protection Act, […]
The California Department of Financial Protection and Innovation (DFPI) is currently soliciting applications for the 7-member Debt Collection Advisory Committee for the 2023-25 term. The Debt Collection Advisory Committee advises the commissioner on matters relating to debt collection or the debt collection business, including proposed fee schedules and the mechanics and feasibility of implementing requirements […]
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 […]