Collections, Repossessions and Foreclosures Moratoriums High on List
May 1, 2020 – In a letter sent to congress, the National Consumer Law Center (NCLC) drafted and sent a letter to Congress with a list of proposed relief efforts to protect persons “experiencing tremendous financial distress because of the COVID-19 pandemic.” With little surprise, these include moratoriums on collections, repossession and foreclosure activity during the COVID-19 pandemic.
Major elements of the letter include the following;
More Stories
The Auto Industry Isn’t Facing a Demand Problem, It’s Facing a Value Problem
Auto Delinquencies Show Mixed Signals in April
Servicing Is Eating Originations – Ahead of the Curve Part 3