General News

The Conference of State Bank Supervisors has issued a set of proposed requirements aimed at developing a standardized approach to the state licensing process for nonbank financial regulatory entities. It is seeking comments on the proposal through May 31. The overarching objective of the CSBS’s plan is to modernize the …

April 14, 2021 (Sacramento, CA) – Against all odds, the Receivables Management Association International held its 2021 Annual Conference in Las Vegas, April 12-25, 2021. With more than 500 in-person attendees and more than 150 virtual attendees, leaders from RMAI capitalized on the event by honoring an outstanding member and RMAI’s …

LAS VEGAS — Perhaps the most telling comment I can make about how the annual conference hosted by Receivables Management Association International (RMAI) went these past few days is the number of times I heard people asking one another, “So, what is the next conference you’re going to?” People were …

LAS VEGAS — Hugs, handshakes, fist bumps, elbow bumps, and everything in between. Those were in full effect yesterday in and around the Aria Resort & Casino here as RMAI’s annual conference kicked off with hundreds of masked attendees seeing each other for the first time in a year or …

A federal judge from New York who ruled on numerous debt collection cases is being mourned after being struck and killed in a hit-and-run accident in Florida last week. Judge Sandra Feuerstein, from the District Court for the Eastern District of New York, was hit while walking on a sidewalk …

Prosecutors have seized an additional $400,000 from a payment processing company that allegedly laundered money for a debt collector who is being investigated by federal authorities, according to a published report. The money was seized from Market Street Debt Partners, which allegedly received payment information, processed payments, and transferred those …

The Wall Street Journal has called out a collector for filing more lawsuits during the pandemic than before, saying the firm has “cemented its reputation as a maverick” in the accounts receivable management industry, because most of the company’s competitors filed fewer lawsuits once the pandemic hit. The collector – …

Alexandria, VA-based accounts receivable firm, Nationwide Credit Corporation (NCC), makes a difference in our community through service towards charitable organizations and continued engagement in local initiatives and legislation impacting our industry. NCC is currently sponsoring New Hope Housing’s Celebrity Bingo Night hosted by television and fashion celebrity, Monte Durham, on …

CHICAGO — April 6 — CMS Services, a leading provider of compliance management services to the Accounts Receivable Management industry, is excited to announce the launch of its Bank Terms & Conditions portal, providing copies of the terms and conditions issued by hundreds of credit grantors and financial institutions nationwide …

Plaza Services, LLC, a debt buyer in Atlanta, GA, is pleased to announce the recent addition of Chris Russell as Director of Inventory Management. In this role, Mr. Russell will be responsible for the strategic analysis, placement, and oversight of network operations for receivables inventory.  Mr. Russell brings a robust …