Search Results for keywords:"Debt Collection"

Found 5 results

Search Results: keywords:"Debt Collection"

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  • 2021-00795 — Delegation of Authority to the Director of Financial Policy, Reporting, and Analysis of Certain Authorities Regarding Debt Collection and Waiver of Claims
    Type:Notice
    Citation:86 FR 4170
    Reading Time:about a minute or two

    The State Department has delegated certain responsibilities related to debt collection and waiver of claims to the Director of Financial Policy, Reporting, and Analysis. These duties, previously overseen by the Comptroller, involve managing debts owed to the Department. The delegation allows for the collection, settlement, and waiver of these debts but does not permit further re-delegation. This authority is formalized under various U.S. laws and regulations and was published in the Federal Register.

    Simple Explanation

    The State Department has given the job of handling money that people owe to them to a special leader called the Director of Financial Policy. This person can decide how to collect or forgive these debts, but they can't give this job to anyone else.

  • 2020-27955 — Collection of Civil Money Penalty Debt
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    Type:Rule
    Citation:86 FR 1740
    Reading Time:about 25 minutes

    The Federal Deposit Insurance Corporation (FDIC) has issued a final rule that updates its procedures for collecting debt. This amendment specifically allows for the collection of civil money penalties (CMPs) by including them in the scope of existing debt-collection regulations. The rule aligns with the Debt Collection Improvement Act of 1996 and aims to enhance FDIC's ability to recover debts by using existing Treasury procedures. Although the rule does not impose new requirements on insured institutions, it potentially increases the success rate of collecting delinquent CMPs.

    Simple Explanation

    The FDIC, like a money manager, made a rule so they can pick up penalties that people owe more easily, using existing rules from another money manage—the Treasury. But it might be hard to understand, and they didn't say how they will make sure it's fair or how they will check if it works well.

  • 2025-00999 — Agency Information Collection Activities: Proposed Collection; Comment Request; Debt Collection Financial Statement
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    Type:Notice
    Citation:90 FR 4759
    Reading Time:about 3 minutes

    The Federal Emergency Management Agency (FEMA) is asking the public to comment on the renewal of a form used to collect financial information from individuals who owe money to the agency. This form helps evaluate if these debtors can pay back their debts fully, partially, or if a compromise can be reached. The collection, related to disaster program debts, is being extended without changes, following the requirements of the Debt Collection Act. Comments on this extension are open until March 17, 2025, and can be submitted online through the Federal eRulemaking Portal.

    Simple Explanation

    FEMA wants to check if people who owe them money from past disasters can pay it back. They are asking people to let them know if it's okay to keep using the same form for collecting this money information, and they want comments by March 17, 2025.

  • 2021-00793 — Delegation of Authority to the Associate Comptroller of Certain Authorities Regarding Debt Collection and Waiver of Claims
    Type:Notice
    Citation:86 FR 4169
    Reading Time:about a minute or two

    The Department of State has issued a delegation of authority allowing the Associate Comptroller to handle various duties related to debt collection and managing claims against debtors of the department. This delegation includes tasks such as collection, compromise, and suspension of debts, as well as the settlement and waiver of claims, under certain U.S. laws and previous authorities. The Secretary of State and other high-ranking officials retain the right to perform these functions themselves and cannot re-delegate these powers further. This delegation of authority is required to be published in the Federal Register.

    Simple Explanation

    The Department of State has given one of their important workers, called the Associate Comptroller, the job of taking care of money that people owe them and deciding what to do if someone can’t pay. However, if the big bosses want, they can still do these tasks themselves, but they can’t give this power to anyone else again.

  • 2021-00796 — Delegation of Authority to The Deputy Comptroller Charleston of Certain Authorities Regarding Debt Collection and Waiver of Claims
    Type:Notice
    Citation:86 FR 4169
    Reading Time:about a minute or two

    The Department of State has issued a delegation of authority that allows the Deputy Comptroller in Charleston, South Carolina, to manage debt collection activities. This includes the power to waive interest, penalties, and costs, as well as to compromise, suspend, and end the collection of claims against debtors of the Department. The delegation is made under various U.S. laws and regulations, and the authority cannot be re-delegated to others. This delegation of authority will be published in the Federal Register.

    Simple Explanation

    The Department of State gave a special job to the Deputy Comptroller in Charleston to handle situations when people owe the department money, like deciding if they can pay less or not pay extra fees. This decision is written down in an important paper that everyone can see.