Daily Digest – April 20. Ed. Dept. Moves 4M Borrowers Closer to Debt Forgiveness; CFPB Report Spotlights Issues for Rural Communities

ED. DEPT. MAKES CHANGES, MOVES 4M BORROWERS CLOSER TO DEBT FORGIVENESS

  • The Department of Education yesterday announced a series of changes to “bring borrowers closer” to having their loans forgiven under a pair of programs, which also resulted in the immediate cancellation of student loan debts for 40,000 individuals. An additional 3.6 million individuals will receive at least three years of additional credit toward having their loans forgiven under one of the programs. In total, the changes announced yesterday could lead to an additional $4 billion of student loan debt being wiped out.

CALIF. SUPREME COURT DECLINES TO OVERTURN INJUNCTION BARRING BAIL BONDS CO. FROM COLLECTING ON $38M

  • The Supreme Court of California has declined a request to hear arguments in a case that halted a bail bonds company from attempting to collect on $38 million in unpaid debt because individuals were not provided the proper disclosures in advance.

CFPB REPORT SPOTLIGHTS ISSUES FOR RURAL COMMUNITIES

  • The Consumer Financial Protection Bureau yesterday released a report spotlighting the financial challenges facing individuals living in rural communities, representing about 14% of the total population of the United States, are far more likely to conduct their banking in person than they are over the phone or online even though people living in rural communities are more likely to live in “banking deserts.”

25 COMPANIES SEEKING COLLECTION TALENT

  • During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

WORTH NOTING: Can you guess the singer who had a new species of millipede named after her? … Of all the ways to remind people of what life used to be like and he chooses that one? … The postal service is slowing down deliveries of certain packages … The Top 50 Rom-Coms of all time … How to be a thrifty traveler as prices soar … JPMorgan’s new 60-story headquarters was designed to address lessons learned during the pandemic … What to do if you have quitter’s remorse and want to try to get your old job back … Executives may be pushing employees to go back to the office, but maybe they should lead by example.

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