Remove Accounts Receivables Management Remove Collection Agencies Remove Consumer Collections Remove Creditors
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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies.