COVID-19 Archives - insideARM

January 3, 2022 by Erin Kerr in COVID-19

Federal Student Loan Repayment Paused Additional 90 Days

On December 22, 2021, the White House released this statement indicating that despite “one of the strongest” economic recoveries, federal student loan repayment would be paused an additional 90 days,...

December 2, 2021 by Erin Kerr in Consumers

Consumer Sentiment Towards Financial Futures Positive: Encore Capital Group's Economic Freedom Study

Encore Capital Group has published its first Economic Freedom Study, which details consumer sentiment around their financial situations, as well as the economy in general, in both the US and...

February 10, 2021 by John Bedard in CFPB

4 Lessons From the CFPB's Supervisory Highlights Covid-19 Edition

Covid created a need for the Bureau to measure and monitor real-time activity in a rapidly changing marketplace. The Bureau filled that need by initiating a new supervisory approach for...

February 2, 2021 by Stephanie Eidelman in COVID-19

AG of New York Extends Debt Collection Suspension for 10th Time

Citing impacts from the spread of the coronavirus disease, New York Attorney General Letitia James announced yesterday that the state has renewed, for the 10th time, an order to halt the...

January 25, 2021 by Katie Grzechnik Neill in Collection Laws and Regulations

Maryland Regulator Issues Work From Home Guidance for Licensees

The Maryland Commissioner of Financial Regulation issued an emergency regulation on January 22 putting procedures into place for remote work for employees of state-regulated entities — including debt collectors. The...

January 13, 2021 by Katie Grzechnik Neill in Collection Laws and Regulations

The Battle is Over: ACA International v. Mass. AG COVID-19 Collection Call Ban Lawsuit Dismissed

When the COVID-19 pandemic started, many regulators — both state and federal — enacted measures to help consumers who were impacted by the sudden shift in their financial outlook. Massachusetts'...

January 13, 2021 by Donald Maurice in CFPB

2020 In Review: Federal and State Activity in Consumer Debt Collection Regulation

During what was an extraordinary and difficult year, there was an abundance of activity at the state and federal levels and a good deal of it was driven by the...

December 7, 2020 by Katie Grzechnik Neill in CFPB

Chairwoman Maxine Waters Urges Biden to Rescind the CFPB's Debt Collection Rule

On Friday, Representative Maxine Waters (D-CA-43)—the Chairwoman of the House Financial Services Committee—sent a letter to President-elect Biden urging him and Vice President-elect Harris to rescind the Consumer Financial Protection...

December 3, 2020 by Katie Grzechnik Neill in Collection Laws and Regulations

Washington's Work From Home Rule Set for Final Hearing in January

Washington State's Department of Licensing has been diligently working on a work-from-home solution for its collection agency licensees since the outbreak of the COVID-19 pandemic. What was initially a temporary...

November 23, 2020 by Mike Bevel in Collection Strategy

Next COVID Package Negotiations: What's the Likelihood?

It will be eight months on 27 November 2020, the day after Thanksgiving in America, since the CARES Act was passed*. [* Interestingly, the CARES Act was introduced in the House...

COVID-19