anonymous

California Seeks Comments on Proposed Student Loan Servicing Rules

student loan servicing

 

A student loan servicing comment period is underway on a notice of proposed rulemaking to clarify that education financing products are student loans and that servicers of those products must be licensed. 09/13/2022 2:45 P.M. 1 minute read On Sept. 9, the California Department of Financial Protection and Innovation (DFPI) proposed the adoption of new […]

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Consumers Struggle with Utility Bills at High Rates

 

The struggle with utility bills and late payments dates back to February 2022, with concerns rising as winter approaches and utility shutoff moratoriums associated with the pandemic expire. 09/02/2022 11:30 A.M. 2 minute read Consumers are struggling with their utility bills and are falling behind on payments, according to the latest data from the National […]

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Latest Wave of Student Debt Relief Announced: What We Know

student debt relief

 

The Biden administration has extended the student loan repayment pause through the end of the year, approved up to $10,000 in debt forgiveness for borrowers based on their income, as well as relief for Pell Grant recipients. Concerns about the decision’s impact on inflation and taxpayers are rising while supporters say it will help with […]

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New York City Adopts Renewal Extension for Debt Collection Licensees

Debt Collection Licensees

 

Effective immediately, debt collection licensees and other industries impacted by emergency orders during the pandemic will have an additional 60 days to renew their licenses. 08/22/2022 3:30 P.M. 1 minute read New York City’s Department of Consumer and Worker Protection (DCWP) is allowing an additional 60 days for license holders, including debt collection licensees, to […]

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Education Department’s Fresh Start Program Restores Borrowers’ Default Protections When Entering Student Loan Repayment

 

Text messaging plays an increasingly big role in the ARM industry, and some providers are no longer supporting certain industry-related message categories. Learn more about these changes and the regulatory framework around texting. 08/19/2022 11:00 A.M. 5 minute read A one-year program from the U.S. Department of Education will help eligible borrowers in default as […]

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Recording Available – ACA Huddle: Regulatory Framework Around Texting

statue of limitations

 

Text messaging plays an increasingly big role in the ARM industry, and some providers are no longer supporting certain industry-related message categories. Learn more about these changes and the regulatory framework around texting. Meeting Recording Access Passcode: x0+P496? Session Slides On this ACA Huddle, Michael H. Pryor, shareholder, Brownstein Hyatt Farber Schreck, and Amanda Payton, […]

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Arizona Court Approves Ballot Initiative on Debt Collection; Prompting Industry-Supported Group to Appeal to the State’s Supreme Court

ballot initiative

 

An ARM industry-supported working group is opposing the decision, which will allow a change to a debt collection law to be included on Arizona’s election ballot in November. 08/17/2022 12:30 P.M. 5 minute read Maricopa County Superior Court Judge Frank Moskowitz issued a ruling denying an industry group’s objections to a debt collection ballot initiative […]

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