Social Security Halts Collection of Debts Older than 10 Years

The Social Security Administration announced Monday that it will immediately stop efforts to collect on taxpayers’ debts to the government that are more than 10 years old. This means the SSA will no longer seize state and federal refunds from people who had relatives who owed money to the agency. While the SSA will no longer seize federal and/or state refunds to pay for government debts past the federal statute of limitations, this does not have any impact on other time-barred debts on a state-by-state basis.

Today's News and Opinion

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Using an Intermediary in a Third-Party Sale

TCPA Compliance and Operational Strategies

How to Maximize Collections with TCPA Compliance: Best Practices for Agencies and Creditors

Fresh Insights in ARM: From the Center of the Industry

Debt Buyers: The Search to Meet New Requirements in Debt Sales

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insideARM Poll

Because the CFPB includes GLBA and Regulation P in its debt collection examination manual, collectors can expect the Bureau to ask about privacy policies and practices – even if your agency has never sent a privacy notice! That’s why Compliance Overview: GLBA/Regulation P includes a model privacy notice outline to draft disclosures that may protect you from legal scrutiny.