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New York Governor Signs Medical Debt Bill

billing statement with stethoscope

 

The new legislation focuses on liens and garnishments of consumers’ medical debt. 11/23/2022 12:30 P.M. 1.5 minute read New York Gov. Kathy Hochul has signed a bill that eliminates liens and garnishment of medical debt. “No one should face the threat of losing their home or falling into further debt after seeking medical care,” Hochul said in […]

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New York Governor Signs Bill on Student Loan Collection Fees

 

The legislation, which goes into effect April 1, 2023, prohibits state agencies from assessing additional student loan collection fees on outstanding student debts. 10/17/2022 11:00 A.M. 2 minute read New York Gov. Kathy Hochul signed legislation, S.B. 7862B, last week waiving the 22% collection fee on student-related debt. The legislation passed both the Assembly and Senate with […]

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D.C. City Council Takes Small Step to Advance Debt Collection Bill

court scale with book

 

The city council seeks to replace temporary legislation to protect consumers during the pandemic with a permanent debt collection law. The temporary legislation expires on June 9, 2022. 05/04/2022 1:30 P.M. 2 minute read The Washington, D.C., City Council briefly reviewed a bill Tuesday that would strengthen the district’s debt collection law. The “Protecting Consumers […]

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Senate Banking Committee Hearing Sets the Stage for Pros and Cons of Arbitration Clauses

Inflation Reduction Act

 

The committee examined mandatory arbitration in financial products with perspective from financial services and consumer advocate organizations. The House Rules Committee will review similar legislation on arbitration March 15. 03/14/2022 11:00 A.M. 4.5 minute read Serving as a vehicle for Senate Banking Committee Chairman Sherrod Brown’s reintroduced Arbitration Fairness for Consumers Act (S.B. 3755)—cosponsored by […]

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