General News

Senate Passes Bill Which Would Refill PPP

The Senate yesterday passed another bill aimed at providing relief to those affected by the coronavirus pandemic, including more money for small businesses that did not get a chance to obtain funds the first time around. The House of Representatives is expected to return to Capitol Hill tomorrow to vote …

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States Join Together to Offer Relief for Private Student Loan Collections

A number of states — California, Colorado, Connecticut, Illinois, Massachusetts, New Jersey, Virginia and Washington — enacted additional collection regulations aimed at providing expanded relief for individuals with private student loans, including prohibitions against certain collection activities, which will remain in place during the coronavirus pandemic. The relief package has …

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Oregon Enacts Order Regulating Certain Collection Activities

Gov. Kate Brown, the governor of Oregon, has issued an Executive Order that prohibits funds deposited into the bank accounts of individuals from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) from being seized by an active garnishment, including those obtained by debt collectors. [EDITOR’S NOTE: Be sure …

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AccountsRecovery.net Hosting Demo Day on April 28

I am very excited to announce that another Demo Day is coming to AccountsRecovery.net. Six companies will be opening up their doors and demonstrating their products and services on Tuesday, April 28, starting at 12:30pm ET. What makes this coming Demo Day even more exciting is the fact that all …

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The National Creditors Bar Association (NCBA) Supports Exemption of CARES Act Stimulus Payments from Garnishment

[UNIVERSITY PARK, FL] Consumers are faced with many challenges as they deal with the unprecedented coronavirus pandemic and the resulting state of emergency. In response, Congress enacted the CARES Act to “provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic” and provides …

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RMAI Supports Protection of Federal Stimulus Funds from Collections

(Sacramento, CA): On Monday, April 13, 2020, the Receivables Management Association International (RMAI) delivered a letter to U.S. Treasury Secretary Steven Mnuchin in support of recent efforts to ensure that direct funds distributed to households through the Coronavirus Aid, Relief, and Economic Security (CARES) Act are not subject to collection …

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