The accounts receivable management industry is under siege by state and federal lawmakers, state and federal regulatory bodies and the press. The current political climate favors consumer protection at all levels of government.
In just the first 13 days of 2011, legislation to curtail or restrict some form of debt collection activity was introduced in Connecticut, Indiana, Iowa, Mississippi, Montana, New York, North Dakota, Oklahoma, Virginia, and Wyoming and this is just the beginning of the legislative session for most states.
The proposed legislation listed below is a sampling of the issues under consideration by these various state legislatures:
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