Navient Announces Agreements with State Attorneys General

 

The agreements include canceling some student loan balances and a payment to reimburse states for their costs. 01/17/2022 2:45 P.M. 3 minute read Navient announced last week that it has reached agreements with state attorneys general to resolve their previously disclosed multistate litigation and investigations, according to a news release from the company. “The company’s […]

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From California to Washington: State Laws on the Horizon This Year

 

ACA International’s state advocacy and compliance leaders along with member Lauren Valenzuela reviewed new state laws during a recent Hot Topic seminar—a must-listen for all organizations planning for 2022 and beyond. 01/13/2022 9:30 A.M. 4 minute read The accounts receivable management (ARM) industry and ACA International saw a flurry of activity in 2021. Although Regulation […]

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Nevada Regulator Issues Reminder to File Report on Residential Debt Collection

 

The report is required for licensed agencies working with unit- owners’ associations, such as a condominium development, and must be filed by Jan. 31. 01/07/2022 2:00 P.M. 1.5 minute read The Nevada Financial Institutions Division is reminding licensed collection agencies that collect residential debt for unit-owners’ associations of common-interest communities to file their report required […]

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California DFPI Addresses NMLS Delays on Licensing Applications

 

Licensing department assures debt collectors that delays in accessing licensing applications through the system will not result in regulatory action. 01/04/2022 4:00 P.M. 4 minute read Before the end of 2021, the California Department of Financial Protection and Innovation (DFPI) had received approximately 600 applications for debt collection licenses, which were required to be submitted […]

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New York Governor Signs Bill on Money Judgments

 

The New York Fair Consumer Judgment Interest Act lowers the judgment rates in actions involving consumer debt, including unpaid debts, from 9% to 2%. ACA International and the New York State Collectors Association will continue to advocate for an amendment on the application to unpaid debts until the law takes effect in April. 01/03/2022 4 […]

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