RMAi Blog

DECEMBER 13, 2024

CFPB expressed concern over social media influencers on platforms like TikTok and Instagram spreading misinformation about debt collections. The consumer didnt pay the providers bills, and eventually the provider retained a collection agency which reported the debts to credit reporting agencies. 1692, et seq.

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Credit and Collections Debt Collections Credit Reporting Agencies Collector 130

RMAi Blog

JANUARY 13, 2023

Here are some recently introduced bills that might be of interest: New York SB 171 – This bill would create a private right of action against originating creditors and debt collectors for a violation of the Debt Collection Procedures Act. Prof’l Bureau of Collections of Md., 4th 823 (10th Cir. 4th 1236, 1240 (11th Cir.

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Law Firms Collector Credit and Collections Debt Collections 100

MNS Credit Management Group

SEPTEMBER 24, 2023

In addition to giving solicitors instructions to start legal proceedings, we also offer credit management services including sending letters of demand prior to legal action, a service that looks into a company’s history, credit reports, and status reports. When a client owes a business money, consumer collections take place.

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Debt Collections Credit and Collections Collector Credit Management 52

Fundera

MARCH 3, 2019

Delinquent Loan Definition. If you miss several payments or can’t make payments for an extended time (usually 90 to 120 days), the lender will place the loan in default and can start collection proceedings against you. Both delinquencies and defaults damage your credit. Your Credit Score Will Take a Hit.

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Default Collector Credit and Collections Credit Scoring 59

Fundera

JULY 7, 2018

Or, if you don’t have time to do the reading, watch this video below for the cash flow positive definition, and the essential tips you need. And for a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your business bank account.

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Credit and Collections Collector Credit Card Companies Transactions 89

Fundera

JANUARY 7, 2019

If you’re more of a visual learner, watch this video below for the cash flow positive definition, and the essential tips you need. And for a few more sales, you’re still waiting for payments to process through the credit card company—so that money hasn’t actually hit your business bank account.

Credit and Collections 75

Credit and Collections Collector Credit Card Companies Transactions 75

Abrigo

DECEMBER 1, 2022

Another aspect of the art and antiquities trade making it prone to money laundering is that it is difficult to place a value on these high-end items as the worth is based on the eye of the collector – the purchaser. Absence of requirements to report large cash transactions. Stay up to date on trends in money laundering and AML/CFT regulation.

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Collector Transactions Credit and Collections Credit Unions 78

RMAi Blog

APRIL 14, 2025

The letter specifically noted several proposals including restrictions on creditors and consumer reporting agencies concerning medical information (Regulation V), credit card penalty fees (Regulation Z), identity theft and coerced debt provisions, data broker practices under Regulation V, and more. View RMAIs data broker comments here.

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Collector Credit and Collections Debt Collections Default 130

RMAi Blog

MARCH 14, 2025

The ANPR on coerced debt seeks to broaden the definitions of identity theft and identity theft report under Regulation V to address coerced debt scenarios, such as those arising from domestic violence or elder abuse. RMAI feels the $5,000 threshold is excessive and would essentially end bank garnishments as a collection tool in Virginia.

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Collector Credit and Collections Law Firms Default 130

Fundera

AUGUST 9, 2018

And while he hasn’t looked back, he warns against those who might be tempted by the romance of opening their own distillery: “[It’s] definitely not for the faint of heart.”. Gotch credits much of her company’s initial success to her willingness to step beyond her comfort zone. credit: @juliaparkphoto. The Art Collector.

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Credit and Collections Collector Small Businesses 75

RMAi Blog

JANUARY 14, 2025

In This Update Last week the CFPB released its final rule on removing medical debt from credit reports. Among the new regulatory restrictions, the final rule states that creditors can no longer use medical debt information in credit eligibility determinations unless specific exceptions apply. New York A.1356

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