Collection Industry News

JULY 19, 2021

BOSTON (WHDH) – Massachusetts Attorney General Maura Healey on Friday warned debt collectors that child tax credit payments are off limits. Under President Biden’s American Rescue Plan Act of 2021, Massachusetts residents with qualifying children have started to receive automatic monthly payments of the federal child tax credit.

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Troutman Sanders

JULY 19, 2021

Moreover, the court found that the term “educational benefit” is best read to refer to conditional grant payments like scholarships and stipends and does not cover all private student loans.

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On Guard

JULY 19, 2021

While effective cash management has always been a crucial element of business survival, the financial landscape transformed in 2020, with payment delays measured by DSO increasing to an average of 68 this year, its highest level in a decade.

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Troutman Sanders

JULY 19, 2021

Department of the Treasury and the Internal Revenue Service announced that they paid about $15 billion dollars to families that include nearly 60 million eligible children in the first monthly payment of the expanded and newly advanceable Child Tax Credit from the American Rescue Plan that passed in March.

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Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST

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