RMAi Blog

AUGUST 14, 2024

The Q&A largely focused on participant inquiries about the process of submitting medical debt rulemaking comments, the likelihood of the rule proposal surviving legal opposition, and the relevance of credit reporting. RMAI is concerned that the current exemption for credit cards is not broad enough. First Credit Union v.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

Collenda

JULY 31, 2024

The Impact of Economic Turbulence on Customers The cost-of-living crisis has affected borrowers profoundly, exacerbating financial struggles and potentially leading to increased defaults. The BiFD Report underscores the importance of lenders being well-equipped to support customers, particularly given the ongoing cost-of-living challenges.

Credit and Collections 52

Credit and Collections Collector Default 52

Fundera

MARCH 5, 2019

These types of payments are processed electronically, typically from a customer’s credit or debit card. Instead, the customer agrees to share their payment information (typically a debit or credit card) with a business’s payment processor , and for their card to be charged based upon a prearranged payment schedule.

Credit and Collections 72

Credit and Collections Dashboards Transactions Credit Card Payments 72

Fundera

AUGUST 10, 2017

Collectively, Americans owe over $1.4 But to qualify for most loan refinancing, your credit score has to be good—in the high 600s at least,” says Inc.com. Also, you likely won’t be eligible if your record includes any bankruptcies or defaulted student debts.”. Often, it’s your credit score. Angel Investors.

Credit Scoring 75

Credit Scoring Credit and Collections Small Businesses Bankruptcy 75

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. NPAS, Inc. ,

Law Firms 130

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., Midland Credit Mgmt., 4th 823 (10th Cir.

Law Firms 130

Law Firms Collector Credit and Collections Debt Collections 130