RMAi Blog

OCTOBER 22, 2024

Earlier today, the New York City Department of Consumer & Worker Protection (DCWP) announced that they are going to delay enforcement of the new Debt Collector Rules until April 1, 2025. However, delayed enforcement should not be confused with delayed enactment. The effective date for the new rule remains December 1, 2024.

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Debt Collections Collector 130

RMAi Blog

SEPTEMBER 25, 2024

This bill will be effective on January 1, 2025. This bill will be effective on January 1, 2025. This bill will be effective on January 1, 2025. RMAI encourages its members that collect on accounts owed by California consumers to share this information with their legal, compliance, and operations employees.

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RMAi Blog

SEPTEMBER 13, 2024

California SB 1286 – This bill would expand the scope of the Rosenthal Fair Debt Collection Practices Act to prohibit debt collectors from engaging in unfair or deceptive acts or practices in the collection of commercial debts owed by a natural person of $500,000 or less that were entered into, renewed, sold, or assigned on or after July 1, 2025.

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RMAi Blog

OCTOBER 14, 2024

In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ).

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Credit and Collections Law Firms Collector Credit Reporting Agencies 130

Reorg Blog

MARCH 25, 2024

Swedish debt collector Intrum’s bondholders have split into two groups, with investors across the 2024 and 2025 notes forming a front-end group and lining up Weil Gotshal & Manges as legal advisor, sources told Reorg.

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Collector 59

Reorg Blog

FEBRUARY 28, 2024

We recently reported on the upcoming maturity wall that Swedish debt collector Intrum is facing, with €654 million maturing in 2024, at least €1.3 billion maturing in 2025 and €2.1 billion in 2026.

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Collector 52

Gaviti

FEBRUARY 18, 2024

billion by 2025 in the U.S. Its experienced PCS debt collectors are knowledgeable of relevant regulations such as HIPAA and legal processes necessary to recover debt. The Evolution of Debt Recovery Debt collection agencies gained more popularity and use in the early part of the 20th century.

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Debt Collections Credit and Collections Days Sales Outstanding Invoice to Cash 52