Search Results for keywords:"debt collection"

Found 3 results

Search Results: keywords:"debt collection"

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  • 2021-00794 — Delegation of Authority to the Principal Officer at Post of Certain Authorities Regarding Debt Collection and Waiver of Claims
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    Type:Notice
    Citation:86 FR 4169
    Reading Time:about a minute or two

    The State Department has issued a notice regarding the delegation of authority in debt collection and waiver claims. The Secretary of State has granted the Principal Officer at a post the power to make decisions about certain financial claims, such as compromises or settlements, involving the Department of State, provided the claims are less than $500. This authority is non-transferable, meaning these powers cannot be delegated further beyond the Principal Officer. The delegation of authority has been published in the Federal Register as required.

    Simple Explanation

    The State Department announced that the main person in charge at different locations can decide how to handle small money claims, but only up to $500. These decisions can't be passed on to anyone else, and there aren't clear rules about how and when they should be made, which might cause some problems.

  • 2021-01601 — Supervisory Highlights, Covid-19 Prioritized Assessments Special Edition, Issue 23 (Winter 2021)
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    Type:Notice
    Citation:86 FR 7271
    Reading Time:about 40 minutes

    The Bureau of Consumer Financial Protection shared its observations on how various financial services adjusted during the COVID-19 pandemic, as highlighted in this special edition of Supervisory Highlights. The report documents the Bureau's assessments in areas like mortgage, student loans, auto loans, credit cards, and more, noting challenges faced by these sectors and their responses to rapidly changing consumer needs. Many financial institutions struggled with increased consumer requests for assistance, inaccurate information dissemination, and operational adjustments, highlighting risks that could potentially harm consumers. The Bureau aimed to help these institutions recognize and address these risks to better protect consumers.

    Simple Explanation

    The Consumer Financial Protection Bureau looked at how banks and lenders handled changes during COVID-19, like helping people with loans and credit cards. Financial places had a hard time keeping up with so many requests and sometimes messed up, so the Bureau wants to help them do better to keep people safe.

  • 2024-30466 — Privacy Act of 1974; Matching Program
    Type:Notice
    Citation:89 FR 105628
    Reading Time:about 4 minutes

    The Department of Justice (DOJ) plans to start a program with the Internal Revenue Service (IRS) called the Taxpayer Address Request (TAR), where the IRS will provide taxpayer mailing addresses to the DOJ. This information will help the DOJ locate people who owe debts to the United States to begin legal actions or collect the debts. The program is set to start on January 30, 2025, and will last for 18 months. The authority for this program comes from the Privacy Act of 1974, along with specific regulations that allow the IRS to share this information with the DOJ.

    Simple Explanation

    The Department of Justice wants to work with the IRS to get people's addresses so they can find and collect money from people who owe the government. They promise to follow privacy laws while doing this.