Remove privacy
article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. Currently set to expire on February 1, the collection actions subject to the moratorium include garnishment, attachment, and levy. On January 12, the Washington State Collection Agency Board approved a permanent rule allowing employees of licensed collection agencies to work remotely.

article thumbnail

What is a Judgment?

Credit Corp

The company, creditor or collection agency has legal ways to pursue payment. The judgment creditor can then use that court judgment to try to collect money from you. Common methods include wage garnishment , property attachments and property liens. This is known as wage garnishment. Nonwage garnishment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. Senators Sherrod Brown, Ron Wyden, Bob Menendez, and Chris Van Hollen introduced a bill that would extend existing rules restricting garnishment of federal benefit payments issued under the American Rescue Plan. State Activities. Federal Activities: On March 18, the U.S. On March 17, U.S.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. On June 30, Maine Governor Janet Mills declined to veto a new law that expands consumer protections against garnishments. State Activities. On June 17, U.S.

article thumbnail

Can a Debt Collector Collect After 10 Years?

Credit Corp

This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years. In some states, a collection agency cannot try to collect at all once a debt is past the statute of limitations. Can a Collection Agency Report an Old Debt as New?

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. Pritzker extended Executive Order 2020-25, which includes limits on garnishments and wage deductions. State Activities. Federal Activities: On September 25, the U.S. Department of Labor updated its Frequently Asked Questions document on the Families First Coronavirus Relief Act (FFCRA).

article thumbnail

Can a Debt Collector Collect After 10 Years?

Credit Corp

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. Can a debt collector collect after 10 years? Here’s an overview of the timelines for debt collection and what to do if you’re contacted about an old debt.