RMAi Blog

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*Sponsored* Maximizing Your Finances: Optimizing Cash Flow and Mitigating Risk with Multiple Sponsor Banks and Payment Methods

RMAi Blog

By Chad Probst The collapse of the Silicon Valley Bank (SVB) in March 2023 signaled an uncertain outlook for the U.S. economy and emphasized the need for businesses to consider several aspects of their payment processing approach while taking into account an ever-changing regulatory environment. In this article, we explore the benefits of using a payment processor who supports multiple sponsor banks and allows customers to pay in multiple ways.

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RMAI Update May 2023

RMAi Blog

In This Update Via RMAI’s federal counsel, RMAI continues to monitor the activities on Capitol Hill. The debt ceiling and the recent bank failures are currently dominating the Congress’s activities. However, both the House Financial Services Committee and the Senate Banking Committee have held hearings this past month on topics of interest. Looking ahead, hearings will be held on digital currency and cannabis banking, as well as more hearings to help better understand the recent bank failures.

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Member Alert: RMAI Submits Comments to Proposed FCC Rule on Text Messages

RMAi Blog

This week, RMAI submitted a letter to the Federal Communications Commission (FCC) in response to their request for comments from the public about the unlawful use of text messages. The FCC is proposing rules that would: (1) require mobile wireless providers to block text messages when notified by the FCC that they are likely scams; (2) extend the Do-Not-Call protections to marketing text messages; and (3) ban the practice of obtaining a single consumer consent as justification for calls and tex

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Member Alert: Tennessee Enacts Comprehensive Consumer Data Privacy Law with GLBA Exemptions

RMAi Blog

On May 11, 2023, Tennessee Governor Bill Lee signed into law House Bill 1181 , the “Tennessee Information Protection Act,” making Tennessee the eighth state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, Iowa, and Indiana. The law will take effect July 1, 2024. Applicability The Act applies to persons that conduct business in Tennessee or produce products or services that are targeted to residents of Tennessee and that: During a c

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Garnet Capital Adds Two Industry Veterans to Support Growth

RMAi Blog

HARRISON, N.Y., May 5, 2023 (Newswire.com) – Garnet Capital Advisors, a leading broker of loan portfolios, is excited to announce the addition of two new professionals to their team: Lauren Falls and Ernesto Diaz. This expansion demonstrates Garnet Capital’s commitment to growth and innovation in an environment where other companies in the sector are facing layoffs.

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LTD Financial Services, L.P.; Partners with Skit.ai to Accelerate Revenue Recovery and Improve Collection Efficiency

RMAi Blog

Conversational Voice AI Leader enables LTD Financial Services, L.P.’s seamless transition from legacy processes to fully compliant end-to-end call automation, unlocking unprecedented scale and reach New York, NY (May 04, 2023) Skit.ai, the leading Conversational Voice AI solution provider in the ARM industry, announced its strategic partnership with LTD Financial Services L.P.

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Corporate Advisory Solutions Celebrates 10th Anniversary Launches New service, Exit Prep

RMAi Blog

Corporate Advisory Solutions (CAS) is honored to be celebrating their 10-year anniversary! Said Michael Lamm, Managing Partner, “When Mark Russell, Managing Partner, and I started CAS all those years ago, we took the “polar bear plunge” into business ownership and never looked back. We told ourselves we are going to build a firm that has a great culture, with transparency at its core, and is centered on offering clients our quality services.

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