State Legislative Activity
RMA is currently tracking more than 160 bills at the state level that impact the receivables industry in both positive and negative ways. Here are a few noteworthy bills that have had recent activity:
California SB 16 – This bill would restrict garnishment orders for the collection of private student loans. [RMA and […]
In response to the CFPB Request for Comments regarding the CARD Act, RMA filed comments on June 8. The comments focused on three specific areas:
- How the RMA Certification program has set a higher standard in the debt collection industry and the resulting benefits for consumers and businesses.
- The importance of the sale […]
RMA leadership and staff joined RMA’s Federal Legislative and Regulatory Counsel, K&L Gates, for two days of productive meetings in D.C. to further our advocacy agenda. Regulatory meetings with the FTC and CFPB discussed the new version of the Certification Program, which now includes brokers, insights on the rulemaking timeline under the new administration—we […]
The Federal Regulatory and Legislative Committee has been busy responding to an RFP issued by the Senate Banking Committee. They are seeking proposals for inclusion in their financial services legislation. The committee has drafted proposals with supporting documentation in the areas of the sales and resale of debt, statute of limitations, […]