Collecting on overdrawn or charged-off accounts during COVID-19

20/04/2020 21 min Episodio 2
Collecting on overdrawn or charged-off accounts during COVID-19

Listen "Collecting on overdrawn or charged-off accounts during COVID-19"

Episode Synopsis

As consumers start to receive stimulus payments there is no specific provision in the CARES Act for collecting on negative balances or accounts previously charged off due to a negative balance.  This episode features a discussion of the potential reputational risks and compliance concerns.