Tag Archives: California

The Governor of California has earmarked more than $11 million of the budget for the state’s Department of Financial Protection & Innovation to “protect consumers and ensure transparency of the debt collector industry through strong government oversight and data collection.” The item was part of Gov. Gavin Newsom’s $286 billion …

Along with college football and resolutions, January 1 is also a day when new laws often take effect, and there are some that went into effect that apply to the accounts receivable management industry. At the federal level, the No Surprises Act is now in effect, even though a lawsuit …

Much like the days leading up to Christmas are when Santa Claus and his elves really feel the crush of getting everything ready, and much like the industry felt in the days leading up to the enactment of Regulation F last month, the Nationwide Multistate Licensing System is seeing an …

EDITOR’S NOTE: The DFPI has extended the deadline for comments to be submitted to December 2. This article has been updated to reflect that extension. The California Department of Financial Protection & Innovation has issued another set of proposed modifications to its licensing application and procedures for applying for a …

The California Department of Financial Protection & Innovation is seeking comments on a proposed rulemaking that would require four different industries to be registered with the state in order to operate — debt settlement services, student debt relief services, education financing, and wage-based advances. Comments on the proposed rulemaking are …

The Governor of California has signed a debt collection bill into law that will adjust how collectors address situations where an individual claims a debt is fraudulent as a result of identity theft. There was no effective date written into the statute, which means the law is likely going to …

The California state Senate has followed the Assembly in passing AB1020, a bill that would restrict hospitals from selling certain patient debts, require collectors to certify that patients have been screened for public programs and financial assistance before filing a collection lawsuit, and extend the period before a debt could …

September 1 started a ticking clock for collectors working in California or collecting from individuals living in California, giving those companies four months to submit their application for a license from the state’s Department of Financial Protection and Innovation. Collectors must submit their applications prior to Jan. 1, 2022 in …

The California legislature has approved SB 531, a measure that will require collectors to have proof they have authority to collect a debt prior to doing so, and gives consumers the right to request that proof and other basic information about the debt. The bill now heads to the desk …

The California Department of Financial Protection and Innovation (DFPI) has issued a notice of rulemaking, seeking to incorporate changes to its debt collection license application after reviewing comments on the proposal. Interested parties have until July 12 to submit their comments on the new proposal. The licensing law is scheduled …