Fri.May 03, 2024

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Student Loan Debt Cancellation to Cost Taxpayers as Much as $1.4T, Report Claims

Account Recovery

The Biden administration’s plan to cancel student debt has come under scrutiny due to its potentially staggering cost to taxpayers. The cumulative cost of recent student loan cancellation policies is estimated to range from $870 billion to $1.

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Daily Digest – May 3. Suit Accuses Collector of Making Calls After Asking for Texts or Emails Only; Arizona Court of Appeals Affirms Constitutionality of Predatory Debt Collection Act

Account Recovery

Suit Accuses Collector of Making Calls After Asking for Texts or Emails Only Arizona Court of Appeals Affirms Constitutionality of Predatory Debt Collection Act Connecticut Legislature Passes Medical Debt Credit Reporting Bill Student Loan Debt Cancellation to Cost Taxpayers as Much as $1.

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Arizona Court of Appeals Affirms Constitutionality of Predatory Debt Collection Act

Account Recovery

The Arizona Court of Appeals this week upheld the state’s controversial Predatory Debt Collection Act, rebuffing an industry challenge led by the Arizona Creditors Bar Association. The decision ensures the law, which includes measures to shield individuals from medical debt garnishments and cap interest rates, remains in effect.

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Connecticut Legislature Passes Medical Debt Credit Reporting Bill

Account Recovery

The Connecticut legislature yesterday passed Senate Bill 395, which prohibits healthcare providers from reporting medical debt to credit agencies. The bill, which had already passed in the Senate and now awaits the governor’s signature, will take effect on July 1, if signed by Gov. Ned Lamont.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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Suit Accuses Collector of Making Calls After Asking for Texts or Emails Only

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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