|
Extending State Debt Collection
Many states are continuing to extend debt collection due to the pandemic. New York State will stop, for the 12th time, the collection of medical and student debt owed to the state until the end of March. "Although we are again beginning to see a decline in the number of new COVID-19 cases across the state, it is clear that the financial hardships that hundreds of thousands of New Yorkers are experiencing everyday will long outlive this public health crisis." said Attorney General Letitia James.
This month marks a full year for many states suspending debt collections in response to continuing financial impairments resulting from the spread of the coronavirus. The temporary policies often automatically suspends the accrual of interest and collection of fees on the debts. With Attorney General's perspectives on state debt collection not changing anytime soon, the debt collection industry can expect more of these extensions.
|
RAISING THE BAR 
