June 2, 2017 (Sacramento, CA) – Yesterday, Colorado Gov. John Hickenlooper signed into law a bill that extended the state’s Fair Debt Collection Practices Act to 2028. Receivables Management Association International (RMA) appreciates the collaborative efforts of Sen. Bob Gardner, House Majority Leader KC Becker, and Representative Susan Lontine in working with RMA and other stakeholders to shepherd the Act’s renewal.
In addition to the renewal of the Colorado FDCPA, RMA successfully advocated for statutory enhancements consistent with the rigorous and uniform consumer and industry standards contained its national certification program.
“RMA is confident that the association’s productive dialogue with the state legislature over the past five months has resulted in stronger statutory requirements for the protection of Colorado consumers, which the receivables industry can readily support and operationalize,” indicated Mark Naiman, RMA Board President.
RMA will monitor the implementation of the new legal requirements to identify any unintended consequences that may occur for consumers or industry participants and seek additional clarification when needed.
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About Receivables Management Association International (formerly DBA International)
Receivables Management Association International is the nonprofit trade association that represents more than 550 companies that purchase or support the purchase of performing and nonperforming receivables on the secondary market. The Receivables Management Certification Program and Code of Ethics set the global standard within the receivables industry due to its rigorous uniform industry standards of best practice which focus on the protection of the consumer. Receivables Management Association International provides its members with extensive networking, educational, and business development opportunities in asset classes that span numerous industries. The association continually sets the standard in the receivables management industry through its highly effective grassroots advocacy, conferences, committees, task forces, publications, webinars, teleconferences, and breaking news alerts. Founded in 1997 as Debt Buyers Association, Receivables Management Association International is headquartered in Sacramento, California.