debt collection
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Testimony Before the NYC Council’s Committee on Consumer Affairs and Business Licensing, on Council Intro. 1912
New Economy Project strongly supports Int. 1912 and we urge the Committee to bring the bill before the full body of the NYC Council, for the swiftest possible passage into law. We commend Speaker Johnson and other sponsors of this emergency legislation for their strong leadership. New Economy Project, along with thousands of New Yorkers…
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Law 360: Virus Sparks Calls To Pump The Brakes On Debt Suits
Law 360 — As the COVID-19 pandemic continues to envelop the country, some consumer advocates are calling for greater protections for consumers until the crisis abates, arguing that the economic crisis is negatively impacting the ability of Americans to not only pay their debts but also fight collection actions in court.
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ProPublica: Coronavirus Put Her Out of Work, Then Debt Collectors Froze Her Savings Account
ProPublica — Late last month, Kim Boatswain sat down at her computer in her southeast Austin home and logged into her credit union account. Her bills and mortgage were coming due soon, and she needed to move money from her savings to checking so she could pay them.
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Statement on Attorney General James’ Guidance Blocking Banks And Debt Collectors From Garnishing Stimulus Checks
“We applaud Attorney General James for issuing strong guidance making clear that emergency stimulus payments authorized by the CARES Act are exempt from garnishment under New York law. Her commitment to aggressively prosecute any creditor or debt collector that garnishes New Yorkers’ stimulus payments is an example of the kind of leadership we need from…
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CBS News: Debt collectors are going after Americans’ stimulus checks—and the CARES Act allows it
CBS News — The U.S. Treasury is sending out 80 million stimulus checks this week, the first part of its effort to put cash into Americans’ hands to ride out the coronavirus pandemic. But many of those checks will never reach the people they’re intended for.
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Gothamist: “Backdoor Bailout For Banks”: Stimulus Checks Can Be Seized By Creditors And Banks
Gothamist — The $1,200 stimulus checks that began hitting millions of Americans’ bank accounts on Wednesday could turn into a “backdoor bailout” for banks and creditors—which can currently seize the payments for individuals’ existing debt under a loophole the Treasury Department has not yet addressed.
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Call Off The Debt Collectors: The Coronavirus Pandemic is No Time to Demand Payment and Freeze Bank Accounts
In the best of times, predatory debt collection is a scourge that siphons wealth from New Yorkers, destabilizes neighborhoods and perpetuates racial and economic inequality. Amid the COVID-19 pandemic, allowing debt collectors to continue to hound New Yorkers and take their money is jeopardizing people’s lives.
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Daily News, Op-Ed: Call Off The Debt Collectors: The Coronavirus Pandemic is No Time to Demand Payment and Freeze Bank Accounts
Daily News, Op-Ed — In the best of times, predatory debt collection is a scourge that siphons wealth from New Yorkers, destabilizes neighborhoods and perpetuates racial and economic inequality. Amid the COVID-19 pandemic, allowing debt collectors to continue to hound New Yorkers and take their money is jeopardizing people’s lives.
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Daily News: Wanted, debt or alive: Put a pause on private debt collection during the coronavirus crisis
Daily News — At a time when millions of freshly jobless people are practicing emergency economic triage, debt collectors continue to chase judgments and seek to freeze bank accounts of those they say are in default. This is madness.
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Groups Call For Immediate Halt to Debt Collection During COVID-19, Deliver Petition to Governor Cuomo
Today, a coalition of nine groups delivered a petition, signed by more than 2,700 New Yorkers, to Governor Andrew M. Cuomo and Chief Judge Janet DiFiore, calling for an immediate moratorium on debt collection during the Covid-19 crisis, as a matter of public health and safety.