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RMA Update – May 2017

Federal Activity RMA leadership and staff joined RMA’s Federal Legislative and Regulatory Counsel, K&L Gates, for two days of productive meetings in D.C. to further our advocacy agenda. Regulatory meetings with the FTC and CFPB discussed the new version of the Certification Program, which now includes brokers, insights on the rulemaking timeline under the new [...]

2017-05-16T09:00:13+00:00 May 16, 2017|News, RMA Update|

Universal Fidelity LP visits Texas Children’s Hospital

Universal Fidelity LP (UFLP) began making an Easter visit to Texas Children’s Hospital in the Houston Medical Center more than 20 years ago.  Texas Children’s Hospital is a world renown facility, children come from all around the world to receive treatment; Texas Children’s hospital has recently been ranked 4th by U.S. News’ report for Best [...]

2017-05-02T15:53:43+00:00 May 2, 2017|Community News, Member News, Public News|

The Auto Loan Market

RMA Member, The auto loan market has seen significant growth in recent years. Many RMA members have started to take advantage of the business opportunities available in the auto loan market, as debt sales and third-party collection services are a considerable part of non-prime auto financing. Bringing together representatives from these industries to mingle with [...]

2017-05-16T11:30:37+00:00 April 28, 2017|Member Alerts|

Encore Capital Group Teams Up Again with Habitat for Humanity

–A $41k donation, 300 volunteers, 1,500 volunteers hours in 11 global locations– Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced it will hold its fifth annual Global Volunteer Day on Saturday April 22, in San Diego, CA, Phoenix, AZ, San Antonio, TX and St. Cloud, MN and five other locations [...]

2017-05-01T11:47:29+00:00 April 25, 2017|Community News, Member News, Public News|

RMA Update – April 2017

Federal Activity The Federal Regulatory and Legislative Committee has been busy responding to an RFP issued by the Senate Banking Committee. They are seeking proposals for inclusion in their financial services legislation. The committee has drafted proposals with supporting documentation in the areas of the sales and resale of debt, statute of limitations, documentation, [...]

2017-05-02T15:22:15+00:00 April 17, 2017|RMA Update|

The Industry Needs Your Help

On March 27, RMA’s Director of Government Affairs & Policy, David Reid, testified against Oregon HB 2356. David Reid and RMA member Mike Roskam were the only two witnesses to testify in opposition of the bill. Proponents of the bill gave testimonies describing debt buyers as excessively litigious, unconcerned about proper documentation, and prone [...]

2017-05-16T11:31:30+00:00 April 10, 2017|Member Alerts|

RMA Update – March 2017

Federal Activity We have formed the new RMA Federal Regulatory and Legislative Committee and it will hold its first meeting this week. Items on the agenda include a review of pending legislation on student loans, CFPB reform, off-shore call centers, and class-action legislation. The Congress is still settling in under the new administration and focused work on legislation [...]

2017-05-02T15:23:57+00:00 March 15, 2017|RMA Update|

Understanding the New York DFS Requirements

New information is available regarding disclosures for accounts based in the state of New York. The Receivables Management Association believes this to be of interest to our Members. Debt buyers and third-party collection agencies who collect debt in the state of New York are required to adhere to rules set forth by the New York [...]

2017-05-02T14:25:56+00:00 March 3, 2017|Member Alerts|

Receivables Management Association International Celebrates National Consumer Protection Week

Sacramento, CA (March 3, 2017) – In recognition of the 19th Annual National Consumer Protection Week (NCPW), held March 5–11, 2017, Receivables Management Association International (RMA) will make special efforts to educate consumers on credit and financial capability. More than 100 federal, state, and local agencies, consumer groups, and organizations participate in NCPW in a [...]

2017-05-02T14:26:15+00:00 March 3, 2017|Press Releases, Public News|