STUDENT LOAN COLLECTION BILL INTRODUCED IN COLORADO
- Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors.
BILL INTRODUCED IN MARYLAND TO OVERHAUL COLLECTION OF MEDICAL DEBTS
- A bill has been introduced in both Houses of the Maryland state legislature that would create a threshold amount for which collection lawsuits can be filed while also establishing credit reporting guidelines, limiting the fees that can be collected for individuals who qualify for reduced or free medical care, limiting the amount of interest that can be charged, and imposing rules on payment plans.
JUDGE DENIES STAY REQUEST IN FCRA PERMISSIBLE PURPOSE CLASS ACTION
- A District Court judge in Arizona has denied a motion to have a Fair Credit Reporting Act class-action case stayed against a law firm accused of accessing an individual’s credit report without a permissible purpose pending the outcome of a case before the Supreme Court.
THE IMPACT OF DELAYED MEDICAL CARE ON THE COLLECTION INDUSTRY
- Not surprisingly to anyone that collects medical debt and has seen a significant dropoff in placement volume in recent months, but a lot of people have skipped going to the doctor or dentist in the past year because they were worried about being exposed to COVID-19, according to a recently released study.
WORTH NOTING: President Biden is ambitious about re-opening schools sooner rather than later … I knew kids were good for more than being needy, germ-infested money pits … McDonald’s is making a big deal out of its new chicken sandwich … How to buy a real N95 mask online … The future of the hybrid workforce … Researchers are now warning against spending more than 20 minutes in your car … President Biden has rejected a plan to cancel $50,000 in student loan debt for everyone … How to avoid phishing emails and scams.
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