Credit Management Credit Unions Debt Collections 
RMAi Blog
SEPTEMBER 13, 2024
On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. Medical debt, rental debt, and consumer complaints were among the topics focused on in the report. The report stated that the CFPB received approximately 109,900 debt collection complaints in 2023.
RMAi Blog
DECEMBER 13, 2024
CFPB expressed concern over social media influencers on platforms like TikTok and Instagram spreading misinformation about debt collections. The collection agency provided an account itemization and threatened to pursue legal action if the bills werent paid. RMAI will collaborate with the CFPB on addressing these issues in 2025.
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RMAi Blog
MAY 12, 2023
The consumer filed suit, alleging that the letter violated Pennsylvania’s Fair Credit Extension Uniformity Act (“FCEUA”), which provides that “[i]t shall constitute an unfair or deceptive debt collection act or practice under this act if a debt collector violates any of the provisions of the Fair Debt Collection Practices Act.”
RMAi Blog
DECEMBER 14, 2022
. – Counts toward identifying and avoiding discriminatory collection practices (Diversity, Equity & Inclusion). Debt Collection Law — Big Changes, Big Issues (November 16th). Data Security as an Element of Vendor Management (December 1st). Texas Dow Employees Credit Union | TX.
RMAi Blog
MARCH 14, 2025
Relying on the representations of the creditor, the debt collector reported the consumers account to the CRAs as undisputed. The Court disagreed, explaining that what matters is the relationship between debt collection and the method of collecting, not the nature of the additional amount imposed.
RMAi Blog
APRIL 12, 2023
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. DFS is struggling with how to develop an appropriate consumer notice since the CCFA does not apply to all forms of consumer debt.
RMAi Blog
JANUARY 14, 2025
Similar to the final rule on medical debt, the future of the initiatives listed in the Regulatory Agenda remains uncertain as a new administration takes office in early 2025. In its continued focus on debt collection, the CFPB recently issued a blog post titled, Protecting you from unlawful debt collection at work.
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