Collector Credit Reporting Agencies Credit Unions 
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.
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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CreditStrong for Business
JULY 29, 2024
The credit score of an individual with otherwise good credit will typically decline somewhere in the range of 100 points after the unpaid collection debt becomes formally factored in by the credit reporting agency. Multiple negative credit report entries might appear pertaining to the same debt.
RMAi Blog
DECEMBER 13, 2024
The consumer didnt pay the providers bills, and eventually the provider retained a collection agency which reported the debts to credit reporting agencies. Several years later, the consumer discovered the negative credit reporting and disputed the debts. In an unpublished opinion, the U.S.
CreditStrong for Business
OCTOBER 8, 2024
As a result, they don’t report your payments, so those payments will not build good credit. Missing utility payments can hurt your credit. Your utility provider won’t report missed payments, but they may sell your account to a debt collector. What Bills Affect My Credit Score?
Due
APRIL 2, 2024
Ensure your bank or credit union insures deposits through the NCUSIF or FDIC. Develop a strategy to reestablish good credit Rebuilding credit is crucial to getting back to financial health. There are faster ways to improve your credit , but each requires discipline, determination, and focus.
RMAi Blog
MARCH 14, 2025
However, federal courts in Wisconsin have held that consumers can seek damages under the FDCPA against debt collectors that file collection actions when no right-to-cure notice was provided. Credit Servs., 2025) A consumer defaulted on a debt which was reported to a credit reporting agency (CRA) by the creditor.
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