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Member Alert: RMA Adopts Certification Program 5.1

The RMA Certification Council has formally adopted version 5.1 of the Receivables Management Certification Program (RMCP) after a six month deliberation, drafting, and review process. As always, these program requirements have been designed to be prospective and will be tied to a certified company’s next renewal after August 1, 2017. The most significant change in [...]

2017-07-20T14:37:51+00:00 July 21, 2017|Member Alerts|

RMA Expands Its Certification Program

RMA EXPANDS ITS CERTIFICATION PROGRAM Now Includes Criteria for the Purchase and Sale of Judgments July 21, 2017 (Sacramento, CA) – As of August 1, 2017, the Receivables Management Association International’s (RMA’s) Receivables Management Certification Program (RMCP) has been expanded to include first-in-the-nation criteria for the purchase of judgments. “The purchase of pre-judgment receivables is [...]

2017-07-20T14:31:51+00:00 July 21, 2017|Press Releases, Public News|

RMA Update – July 2017

State Legislative Activity RMA is currently tracking more than 160 bills at the state level that impact the receivables industry in both positive and negative ways. Here are a few noteworthy bills that have had recent activity: California SB 16 – This bill would restrict garnishment orders for the collection of private student loans. [RMA [...]

2017-07-18T16:06:27+00:00 July 18, 2017|RMA Update|

FLOCK Deployments Hit $13 Million in June

FLOCK, a leading specialty finance company which provides capital for buyers of non-performing debt and alternative specialty finance lenders, announced a significant increase in deployments for June 2017. ATLANTA, GA (PRWEB) JULY 14, 2017 Atlanta based Flock Specialty Finance (“FLOCK”), is pleased to announce that it funded over $13 million in deal volume for June, representing [...]

2017-07-14T16:05:44+00:00 July 14, 2017|Member Press, Public News|

LocateSmarter Announces Jonathan Brooks as New President

  LocateSmarter Announces Jonathan Brooks as New President Data industry leader to join team to expand markets and drive product innovation CEDAR FALLS, IA – July 10, 2017 – LocateSmarter, a data and analytics company, announced today that Jonathan Brooks has joined the company as President, effective July 1. In this role, Brooks will lead the [...]

2017-07-10T12:14:17+00:00 July 10, 2017|Member Press, Public News|

Member Alert: Oregon Debt Buyer Bill Passes Senate

Yesterday, Oregon HB 2356, a debt buyer bill introduced by Oregon Attorney General Ellen Rosenblum, passed in the Senate after having passed the House a week earlier. RMA anticipates that this bill will be signed into law by Governor Kate Brown. This will be a highly complex law that needs the careful review of all [...]

2017-07-06T12:33:18+00:00 July 6, 2017|Member Alerts|

Federal Reserve Report Affirms Importance of Debt Collection in the Credit Ecosystem

June 29, 2017 (Sacramento, CA) – The Federal Reserve Bank of New York published a report in May 2017 confirming the vital role of debt collection in the credit-based economy. The report, titled Access to Credit and Financial Health: Evaluating the Impact of Debt Collection, is based on data analytics between states with varying degrees of [...]

2017-06-29T10:49:33+00:00 June 29, 2017|Press Releases, Public News|

Member Alert: RMA Seeks Certification Council Representative

The Receivables Management Association International is seeking individuals who are interested in serving on the Certification Council—the governing body for the Receivables Management Certification Program. This is a unique opportunity to get involved with your association by sharing your expertise and honing your leadership skills. The 11-member volunteer Council has one vacancy to represent the [...]

2017-06-21T11:02:40+00:00 June 22, 2017|Member Alerts|

Maine Adopts New Debt Buyer Provisions – RMA Best Practices Incorporated into Law

June 20, 2017 (Sacramento, CA) – On Friday, June 16, Maine Gov. Paul LePage signed into law HP 836 (LD1199), which added new requirements to the Maine Fair Debt Collection Practices Act for companies that purchase receivables on the secondary market. The law requires debt buying companies to possess specific account-level data and documents prior [...]

2017-06-21T17:11:37+00:00 June 20, 2017|Press Releases, Public News|

RMA Update – June 2017

Federal Activity In response to the CFPB Request for Comments regarding the CARD Act, RMA filed comments on June 8. The comments focused on three specific areas: How the RMA Certification program has set a higher standard in the debt collection industry and the resulting benefits for consumers and businesses. The importance of the [...]

2017-06-20T14:25:59+00:00 June 20, 2017|RMA Update|