HOUSE UNVEILS $3T STIMULUS BILL; OFFERS FORBEARANCE ON ALL DEBTS, BUT COLLECTORS CAN GET LOANS TO COVER LOSSES
- Speaker Nancy Pelosi yesterday unveiled a $3 trillion stimulus package that would give individuals the right to obtain a forbearance on any debt simply by asking for it, while also providing debt collectors with the opportunity to obtain “long-term, low-cost” loans to cover any losses caused by the forbearances.
NEW HEALTHCARE BILLING MODEL PROPOSED, SHIFTING BURDEN TO INSURERS
- The Chief Operating Officer of Adventist Healthcare has proposed a radical shift in how all bills — deductibles, copayments, and insurance payments — are billed and collected, advocating that it be health insurer, not the provider, who is in charge.
FORMER NYC DEPUTY MAYOR SPEAKS OUT ABOUT PROPOSED COLLECTION RESTRICTIONS
- A former Deputy Mayor of New York City is speaking out against a proposal that seeks to protect consumers by limiting debt collection in the City That Never Sleeps, especially for those who have been impacted by the COVID-19 pandemic.
JUDGE GRANTS SECOND REQUEST TO COMPEL ARBITRATION IN FDCPA CASE
- A District Court judge in New Jersey has granted a defendant’s request to compel arbitration in a Fair Debt Collection Practices Act class-action case, more than a year after originally denying a request to do so.
WORTH NOTING: The work from home boom has also led to a big uptick in how companies are keeping an eye on their employees … Nobody cares about the Lions, but fans of the Maize and Blue might be very upset with this news … It’s not you — prices at the grocery store are going up … Graduates — here’s how to get free donuts from Krispy Kreme … Small business owners share their concerns about re-opening … Rush hour may be coming back across the country … Hobby Lobby is closing all of its stores and furloughing most of its employees … Fans of “Hamilton” should be very happy with this news … Where the new coronavirus hotspots are popping up.
How to make DIY masks
How to parent during a pandemic
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