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

Burr Forman

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. This guidance is set to expire March 31, 2021. Illinois – On March 26, 2020, Governor J.B.

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Top 5 Debt Collection and Recovery Posts of 2021

Fico Collections

Experiment with trade-offs between decision factors and business constraints, simulate various scenarios and compare their impact on collections key performance indicators and contributions to the bottom-line. Student Loan Challenges. This means that student loan borrowers do not have to make any payments during this period.