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RMAI Update September 2024

RMAi Blog

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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Introducing: Cash Application, Credit Application Management, Integrated AI and Much More

Gaviti

Cash Application: A New Era of Accuracy and Efficiency As Gaviti is a platform built by collectors for collectors, we understand the challenges that come with manual cash application processes – the potential for errors, time-consuming matching tasks, and the overall drain on resources. Want to learn more about Gaviti Cash Application?

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

FICO Blog

This frees up human collectors to spend more time with customers in forbearance situations that require empathy and consultation. A mass of digital solutions and fintech innovations offering real-time Open Banking data alongside transactional insight into customer affordability and vulnerability are being touted to Tier-1 lenders.

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Accelerate digital payments by leveling up your AR automation

billtrust

Automation brings B2B opportunities for B2B transactions. She recently was a guest speaker at a Billtrust webinar where the discussion focused on the most pressing cash application challenges burdening AR departments. Credit remains tied up, and collectors are unaware. Share with your network: Mail. What you’ll learn.

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Consumer Lending Compliance: Hot-Button Issues to Monitor

Abrigo

You might also like this webinar, "Consumer Lending 101.". This applies not only to consumer loans but to mortgages — residential and commercial—every form of credit in America,” he said during a recent Abrigo webinar, “ Consumer Lending 101.”.

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Money laundering through art and antiquities: An update

Abrigo

Methods of illegal transactions include theft, fakes, illegal imports, and organized looting. Anonymous transactions. There are various reasons why legitimate transactions are made anonymously, such as privacy expectations and not wanting to draw public attention to the transactions. Fluctuating valuation. And unlike U.S.

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RMAI Update March 2023

RMAi Blog

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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