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COVID-19 Collections Impact Bulletin: State Responses (December 2020 Update)

Burr Forman

DECEMBER 4, 2020

The new bill issued a moratorium on evictions, foreclosures, and repossessions, which expired on June 30, 2020. Pritzker issued Executive Order 2020-16 , which suspended the repossession of vehicles during the duration of the COVID-19 Gubernatorial Disaster Proclamation. This guidance is set to expire March 31, 2021.

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Financial Institution Garnishment Collections Foreclosure 52
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CFPB Bringing Back Regulation By Enforcement

Collection Industry News

JUNE 14, 2021

President Biden’s nominee to lead the CFPB, Federal Trade Commission member Rohit Chopra, was the bureau’s first student loan ombudsman under former CFPB Director Richard Cordray and is expected to return the bureau to its former place at the forefront of consumer protection in financial services.

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