“Monkey see, Monkey do.” Coming soon to a town near you?
In a knee jerk, but well intended, response to the COVID-19 crisis and California’s extended shelter in place order, the Los Angeles City Council unanimously passed a proposal that all debt collection should be halted during the coronavirus crisis. If enacted, other cities will likely follow suit and create the start of an additional layer of collections prohibitions nationwide, complicating an already confusing business landscape.
More Stories
He Bought Their Identities. Then He Bought the Cars
Catch Me If You Can: Inside the Gingerbread Man Auto-Fraud Enterprise
Same FICO, Different Risk: Geography Emerges in Auto Loan Delinquencies
All Loan and No Cattle
Regulators Clarify What Credit Unions Can Tell Members About Suspicious Activity
$3.3 Million for Credit Union CEO Luxury and Only $1.7 Million for 33 Employees