On October 3, 2025, California Governor Gavin Newsom approved Senate Bill 446 which amends California’s data breach notification statute, Cal Civ Code § 1798.82. The bill goes into effect January 1, 2026. The amendments would:
On September 26, a federal court judge ended a challenge to the constitutionality of New York’s Fair Consumer Judgment Interest Act (“FCJIA”), which retroactively reduced the statutory post-judgment interest rate on consumer debt judgments from 9% to 2%. The basis for the challenge by three New York-based credit unions was that FCJIA amounted to an […]
On September 12, 2025, the Massachusetts Division of Banks announced final amendments to its regulations regarding the conduct of debt collectors, student loan servicers, and third party loan servicers. The amendments also address aspects of licensing and registration procedures. The amendments became effective September 26, 2025.
Notably, the amendments reflect previous regulatory guidance that […]
Nominate an Industry Leader for the Bud Reitzel Award
Considered one of the industry’s founding fathers and a mentor to many, Bud Reitzel brought integrity, innovation, and passion to the field he helped shape. The values he instilled at Asset Acceptance and impressed upon all who worked with him continue to guide thousands of professionals, whether […]
Members who are licensed in the State of California as Debt Collectors should have received their first annual assessment fee from the California Department of Consumer Protection and Innovation (DFPI) on or before September 30, 2025. This annual assessment fee is required pursuant to section 100020 of the California Financial Code.
In the September 30th […]
The RMAI Board of Directors has approved changes to the Bylaws of the Receivables Management Association International which pursuant to Section 9.1 of said bylaws requires the approval of the membership. The proposed amendments can be viewed here.
Voting Process
The ballot can be found here. Certified member companies in good standing […]
On September 23, 2025, the California Privacy Protection Agency (“CPPA”) announced that the proposed rules relating to cybersecurity audits, risk assessments, automated decisionmaking technology (“ADMT”), and updates to existing rules, had been finalized following review by the Office of Administrative Law.
The rules become effective January 1, 2026, though deadlines for cybersecurity audits, risk assessments, […]
We enjoyed great conversations and the beautiful location at our 2025 Executive Summit in Woodstock, VT. This year’s Summit featured 12 education sessions and 16 networking events, including golf at the Woodstock Country […]