In response to the COVID-19 state of emergency, the Receivables Management Association International (RMAI) is issuing updates periodically with guidance for our members. RMAI maintains a COVID-19 resource page on the RMAI website that is accessible without a member password. Included on this webpage are COVID-19-related member alerts, […]
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:
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, […]