Tag Archives: COVID-19

The Consumer Financial Protection Bureau is being sued over an interim final rule it issued saying that collectors may face prosecution under the Fair Debt Collection Practices Act for not providing written notices to individuals being evicted, with plaintiffs claiming their First Amendment rights under the Constitution are being violated …

The short comment period on an interim final rule from the Consumer Financial Protection Bureau seeking to amend the Fair Debt Collection Practices Act to require collectors to provide tenants written notice of their rights prior to an eviction has started, and will remain open for the next 11 days. …

Debt collectors that evict tenants will have to provide written notice to those individuals, alerting them to their rights under the Centers for Disease Control’s moratorium on evictions and will face prosecution by state attorneys general for violations of the Fair Debt Collection Practices Act or private lawsuits by the …

A bill has been introduced in the House of Representatives that seeks to cancel any outstanding student loan debt for frontline healthcare workers. The bill, H.R. 2418, called the Student Loan Forgiveness for Frontline Health Workers Act, was introduced yesterday by Rep. Carolyn Maloney [D-N.Y.]. The bill includes 23 cosponsors, …

A bill has been introduced in the House of Representatives that seeks to cut off any debt collector from receiving additional funds under the Paycheck Protection Program if that collector has been found to have violated any provision of the Fair Debt Collection Practices Act by a federal agency or …

The COVID-19 pandemic has definitely made credit reporting a lot more complicated for companies that furnish data to credit reporting agencies. Noting whether an account is current or not, if a collection moratorium has been put in place, or using the right condition codes when furnishing information has all become …

On the day that the Centers for Disease Control and Prevention extended an eviction moratorium until June 30, the acting directors of the Consumer Financial Protection Bureau and the Federal Trade Commission issued a joint statement saying that they will use the Fair Debt Collection Practices Act to ensure that …

Performant Financial Corp. announced yesterday that it has sold some of its recovery contracts that are outside the healthcare industry, including its student loan agreements, to an unnamed buyer as part of the company’s decision to “fully dedicate” its resources to its healthcare business. The impact that the COVID-19 pandemic …

Previously, on “All My Garnishments” we saw several characters rush to protect the economic stimulus funds that have started landing in consumers’ bank accounts from being garnished by big, bad debt collectors. In today’s episode, Sen. Pat Toomey [R-Penn.], the ranking member of the Senate Banking Committee, blocked legislation that …

As we turn our attention to another episode of “All My Garnishments” there have been a number of developments aimed at keeping debt collectors from garnishing the economic stimulus funds that are now being deposited into the bank accounts of consumers nationwide. On the Congressional level, a bill was introduced …