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CFPB Complaints Shattered Records In COVID-19 Pandemic

Collection Industry News

The majority of credit reporting complaints were for problems with “Incorrect information on your report” and most – 141,000 – had to do with problems tagged as “information belongs to someone else.” Credit reporting complaints accounted for 63 percent of all complaints submitted in 2020. To learn more about ESR, visit www.esrcheck.com.

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Bankruptcy Disqualifies Parties From Access to PPP Loans

ABI

In response to the economic fallout of the global COVID-19 pandemic, Congress passed the CARES Act, a part of which made government-guaranteed loans available to qualified small businesses through the Paycheck Protection Program (“PPP”). [i] 2020); see generally Coronavirus Aid, Relief, and Economic Security Act, Pub. 281 (2020). [ii]

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Debtor-Hospitals Can Be Denied Federal Coronavirus Aid

ABI

American Bankruptcy Institute Law Review Staff. . In March of 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the Covid-19 pandemic. [i] xxi] The federal government may discriminate against bankruptcy debtors so long as the discrimination does not violate Section 525.

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