category cares-act 
Collection Industry News
AUGUST 17, 2023
Compared to other debt categories this quarter, credit card balances saw the most pronounced worsening in performance, following a period of extraordinarily low delinquency rates during the pandemic. About 39,000 individuals had new foreclosure notations on their credit reports, a very small increase from the first quarter.
True Accord
MARCH 31, 2022
The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. In January, the foreclosure proceedings that were paused under the CARES Act resumed after an 18-month hiatus. But some definitely feel it more than others.
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Troutman Sanders
OCTOBER 26, 2020
Federal Activities: On October 23, the Financial Action Task Force concluded its 32nd plenary meeting and continued to focus on the impact of the COVID-19 pandemic on detecting and countering fraud, including attempts to defraud government-backed stimulus programs. For more information, click here. For more information, click here.
Collection Industry News
AUGUST 9, 2021
The Alabama Association decision was based primarily on Judge Friedrich’s reading of the Public Health Services Act, 42 U.S.C. § 264(a) (the “ Act ”), pursuant to which the CDC first issued the Order in September 2020. 264(a) (the “ Act ”). The Act allows the Secretary of the U.S. On March 10, 2021, U.S.
Troutman Sanders
MARCH 8, 2021
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.
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