Your Virtual Credit Manager

APRIL 23, 2024

” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else. Collectors are continually learning what works to get people to pay up and what doesn’t. Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting.

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RMAi Blog

MAY 12, 2023

A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. The consumer filed a lawsuit claiming the debt collector, by seeking payment following the discharge, “violated 15 U.S.C. Mendelson Firm, PLLC | TN Dynamic Collectors, Inc. |

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Your Virtual Credit Manager

SEPTEMBER 26, 2023

Hiring a temporary collector or two is one solution. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. More About Purchasing Credit Reports Be proactive with larger balances that may become past due.

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RMAi Blog

APRIL 12, 2023

Through the efforts of RMAI, our Colorado lobbyist, and other industry partners we were able to get an exemption for credit card debt unless the credit card was offered specifically for the payment of health-care services or health-care goods. RMAI was able to obtain some modest amendments; however, we remain in opposition. The U.S.

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RMAi Blog

MARCH 14, 2023

Nevada AB 223 – This bill would require debt collectors to provide a payoff letter within 10-days of a consumer request. New York AB 1035 – This bill would prohibit debt collectors from communicating with consumers through the use of email, text messaging, or private communication tools offered by social media companies.

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RMAi Blog

JANUARY 13, 2023

The 2023-2024 Congressional Session promises to be busy – RMAI has a strong team in place to defend, protect and promote the accounts receivables management industry. A debt collector sent three collection letters via a letter vendor to a consumer regarding outstanding student loan debt. Prof’l Bureau of Collections of Md.,

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Law Firms Collector Credit and Collections Debt Collections 100

RMAi Blog

MARCH 14, 2025

For a comprehensive overview, members can refer to the December 5, 2024 RMAI Member Alert. While the bill did not move in 2024, it is not pre-determinative for passage in 2025. ] Relying on the representations of the creditor, the debt collector reported the consumers account to the CRAs as undisputed. New York A.1356

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RMAi Blog

APRIL 14, 2025

New York AB 5537 / SB 4271 This bill would establish a state-wide debt collector license in New York under the authority of the Department of Financial Services (the same agency that licenses the banking and insurance industries and which for the last 11 years has promulgated rules for debt collectors). RMAI is in strong opposition.

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RMAi Blog

JANUARY 14, 2025

RMAI submitted comments to the CFPB on August 7, 2024, which can be read here. The CFPB closed out the year by releasing its Regulatory Agenda , outlining the regulatory matters it expects to address between December 2024 and October 2025. While the bill did not move in 2024, it is not pre-determinative for passage in 2025. ]

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