Collenda

JULY 31, 2024

Lenders have faced several challenges with collecting borrowers’ repayments due to rising living costs including income instability, limited disposable income and the ability to service existing debt, increasing the likelihood of delinquency or default.

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Credit and Collections Collector Default 52

RMAi Blog

APRIL 12, 2023

The following bills of concern are a sample of the legislation that RMAI is currently engaging on behalf of the industry: California AB 1414 – This bill would exclude consumer credit accounts from the definition of “book account” which would force all litigation through a contract theory for litigation.

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Law Firms Collector Credit and Collections Default 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 130