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Why it matters: For professionals in debtcollectionagencies, debtbuying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.
New YorkCNN — The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debtcollectionagency specializing in medical debt, to shut down as a result of what CFPB determined were illegal collection practices. Colorado recently enacted a similar ban.
The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debtbuying companies, collectionagencies, collection law firms, brokers, originating creditors, and affiliates.
Is there a law in NYC that protects consumers and debtors from debtcollectingagencies, businesses, and their attorneys? Suppose you are under constant pressure from these agencies and their legal representatives to settle your debt. You must inform consumers about the debt specifics.
RMAIs 2025 Annual Conference brings together stakeholders in the receivables management industrywelcoming attendees and exhibitors, presenting highly-respected educational programming, and numerous networking opportunities with key participants, including debtbuying companies, collection law firms, collectionagencies, brokers, vendors, major creditors, (..)
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