RMAi Blog

JANUARY 9, 2025

RMAI extends its thoughtsof supportto allof those affected by the wildfires in Los Angeles. RMAI recommends all members temporarily suspend collection calls and communications to consumers in Los Angeles County. Information on the impact of the Los Angeles wildfires can be found on the City of Los Angeles Emergency Management Department. To find out more about all disaster declarations, visit the FEMA website.

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Accounting Department

JANUARY 9, 2025

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Small Businesses 63

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JANUARY 9, 2025

In late 2024, Texas Governor Abbot wrote a letter to his Chairmen and Directors indicating his concern over security threats from the Chinese Communist Party. Abbott says, As Chinese aggression against the United States and its allies seems likely to continue, the financial risk associated with holding investments in China will also rise. Since the new year, 15 additional states sent a letter to state pension fund fiduciaries, encouraging them to divest from China.

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Cybersecurity 52

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JANUARY 9, 2025

Six of the United States biggest landlords have been sued as part of a case against harmful algorithmic pricing schemes. According to the Justice Department, Attorneys General of Illinois and Massachusetts have joined the ongoing legal battle against RealPage and a swathe of other landlords. They allege that the entities have knowingly collaborated to set rental prices using each others competitively sensitive information through standard pricing algorithms.

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JANUARY 9, 2025

In 2024, financial advisory firm Lifegold successfully attracted $150 million in client assets through its education-focused platform and personalized financial services. The company’s approach combines financial education with fiduciary services, proving that an educational foundation can lead to substantial business growth. Educational Platform Success The firm’s success stems from its commitment to creating an educational platform that makes financial information accessible to tho

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JANUARY 9, 2025

Two California ice manufacturers have been given a $1M employment fine for shortchanging workers. Seventy San Diego Ice Company workers and California Ice Company were reportedly deliberately given incorrect wages and overtime in excess of $527,687. The U.S. Department of Labors Wage and Hour Division spearheaded the investigation, which found the San Diego and Lake Elsinore-based companies in breach of multiple employment regulations.

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JANUARY 9, 2025

Your financial planning changes as you age. As you go from working your first job to retiring, you transition from making growth-focused investments to prioritizing liquidity. How do you know when to switch gears? Will life milestones impact your financial plan? While planning your finances decades in advance can feel dauntingeven impossibleyou are more than capable.

Credit and Collections 52

Credit and Collections 52