Tag Archives: COVID-19

The Department of Education is considering proposals that would give borrowers “new flexibility” like initial grace periods when its moratorium on student loan payments ends on January 31, according to a published report. Individuals with federal student loans have not had to make payments since the COVID-19 pandemic hit the …

The Governor of Florida on Friday ordered the state to stop assigning accounts to debt collectors in situations where individuals were overpaid unemployment benefits during the COVID-19 pandemic because of issues that occurred as a result of expediting approvals to help those in need. Gov. Ron DeSantis asked the Department …

In yet another sign that things are shifting back toward what they were before the COVID-19 pandemic hit the United States, the Department of Veterans Affairs has announced the end of an 18-month pause in its collection efforts. Starting October 1, veterans with unpaid copays or benefits overpayments must start …

If anything, Richard Cordray understands that restarting a behemoth like federal student loan payments is not as simple as flipping a switch and the gravity of the importance in making sure that the restart is done properly is not lost on him, based on a speech that he gave last …

When the federal government declares the COVID-19 public health emergency to finally be over, as many as 15 million individuals could lose their health insurance coverage through Medicaid, according to a new study, which would likely result in a lot more medical debt to be collected for the accounts receivable …

Millions of individuals who rent apartments or homes nationwide are at risk of “economic harms” as programs created to help individuals during the COVID-19 pandemic are coming to an end, according to a report issued by the Consumer Financial Protection Bureau, and companies in the accounts receivable management industry might …

The leading Republican on the Senate Banking Committee is trying to get the latest eviction moratorium put in place by the Centers for Disease Control overturned, saying that the move “lacks both a legal and an economic justification.” Sen. Pat Toomey [R-Pa.], the Ranking Member of the Senate Banking Committee, …

Credit card lenders and financial institutions are apparently a little leery of the state of the economy and consumer’s ability to meet their financial obligations and are keeping balance limits largely stationary for the time being, except for one group of consumers — and it’s probably not the group you …

The Biden Administration on Friday announced that it will be extending the moratorium on collecting student loans for an additional four months, until Jan. 31, 2022. The moratorium was scheduled to expire on September 30. In its statement announcing the extension, the Department of Education went as far as to …

Thanks to ACA International for first reporting that the Washington, D.C. City Council yesterday unanimously passed an updated version of its emergency debt collection bill with a few new amendments, and the bill will go into effect next month when other restrictions put in place at the start of the …