Rhode Island Passes Bond Licensing Legislation

 

Bond licensing legislation, now eligible to send to the state’s governor, would require a bond before an agency can be licensed in Rhode Island. 06/24/2022 3:15 P.M. 1 minute read Rhode Island has passed legislation that requires debt collectors to file a $50,000 bond to be licensed in the state. The legislation passed in the […]

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Connecticut Increases Branch Bonds

 

The bonds are increasing for main locations and individual branches for licensees effective Oct. 1. 06/20/2022 12:00 P.M. 1 minute read The Connecticut Department of Banking has approved a bond increase from $25,000 for each licensed location to $50,000 for main location bonds. An additional $50,000 in bonds will be added for each branch. The […]

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Member Alert: Minnesota Licensure and Collector Registration Update

Member Alert

 

Important updates on Minnesota’s new work-from-home legislation and agency/collector requirements that have not changed. 06/10/2022 10:00 A.M. 2 minute read Minnesota’s work-from-home legislation is now in effect and in partnership with the Minnesota Department of Commerce, ACA International has some important clarifications for agencies collecting from Minnesota consumers. To clear up any confusion: The recent […]

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California DFPI Shares Progress on Implementing Consumer Financial Protection Law

 

The state’s Consumer Financial Protection Law covers licensing and debt collection, and created a Debt Collection Advisory Committee that includes ACA International members. 03/29/2022 11:15 A.M. 4.5 minute read A year after implementing one of the most expansive consumer protection laws in the U.S., California’s Department of Financial Protection and Innovation (DFPI) announced it has […]

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Arizona Passes Legislation on Financial Services Licensee Requirements

 

Arizona financial service licensees, after the passage of Senate Bill 1394, will be required to have a separate license per business name in the state. 03/25/2022 1:45 P.M. 1.5 minute read Arizona Gov. Doug Ducey has signed licensing legislation proposed by the Arizona’s Department of Insurance and Financial Institutions (DIFI). S.B. 1394 amends Arizona Revised […]

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