Tag Archives: Licensing

In a development that was first pointed out by the team at Troutman Pepper, the Governor of Wyoming has signed a bill into law that requires debt buyers to be licensed as collection agencies starting later this year. A copy of the bill — House Bill 284 — can be …

In an update that was first published by ACA International, the Rhode Island legislature has passed a bill that will require debt collectors to obtain a bond before they can be licensed. The bill, S. 2794, is now heading to the desk of Rhode Island Gov. Daniel McKee for his …

The California Department of Financial Protection and Innovation sent out an update yesterday, announcing that the issuance of licenses to companies that applied for debt collection licenses has been “unavoidably delayed” because of changes that need to be made when requesting federal background checks. The DFPI did not provide a …

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 …

The largest newspaper in Buffalo is calling on the state legislature in New York to enact a statewide licensing law, after the Attorney General took action against an allegedly unscrupulous debt collector last month. The Buffalo News published an editorial calling on the state to revisit debt collection licensing when …

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 …

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 Department of Financial Protection and Innovation has announced it will be holding the inaugural meeting of its Debt Collection Advisory Committee on July 28 from 1:30pm PT to 3:00pm PT. Those interested in watching the meeting can do so by clicking here. The agenda for the meeting will …

A new law went into effect last week requiring anyone servicing student loans in Massachusetts to be licensed, and the definition of student loans as well as the types of companies required to be licensed are broader than one might expect. Under the law, which was enacted earlier this year, …