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Gov’t Extends Student Loan Moratorium, Wipes Out All Existing Defaults, Delinquencies

Account Recovery

As expected, the federal government yesterday announced that it was extending the moratorium on making student loan payments for an additional four months — to August 31 — but added in an extra wrinkle that will impact those in the accounts receivable management industry: The 7 million borrowers who are in default on their student … (..)

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Transworld Systems Inc. Completes Acquisition of EOS North America

Account Recovery

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.

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Federal Gov’t Announces Crackdown on Discrimination in Financial Services

Account Recovery

It might not specifically mention debt collection or the accounts receivable management industry, but everyone’s ears should still be perking up after a number of departments within the federal government on Friday announced a crackdown on discrimination in the financial services industry.

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15M Could Lose Medicaid Coverage When Pandemic Ends: Study

Account Recovery

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 management industry.

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Ontario Systems Partners with RevSpring to Offer a Digital Financial Engagement Solution

Account Recovery

Through the partnership, Ontario … The post Ontario Systems Partners with RevSpring to Offer a Digital Financial Engagement Solution appeared first on AccountsRecovery.net.

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Acting FTC Chair Outlines Priorities

Account Recovery

Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accounts receivable management industry, but there are two other government regulators that also police debt collectors — the Federal Communications Commission and the Federal Trade Commission.

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Biden Names Temporary Picks to Lead CFPB, FCC, FTC

Account Recovery

President Joe Biden named temporary heads to the three major government agencies regulating the accounts receivable management industry — the Consumer Financial Protection Bureau, the Federal Communications Commission, and the Federal Trade Commission.