New law will help ensure economic relief payments benefit Virginians, not debt collectors – WDBJ

RICHMOND, Va. (WHSV/Office of Va. Attorney General Press Release) A new law from Attorney General Mark Herring and Delegate Hala Ayala will ensure that the $600 economic support payments help Virginians support themselves and their families during the pandemic rather than getting swept up by debt collectors and creditors, a press release from the attorney…

The best way to forgive student debt is to focus on those who need it most – The Washington Post

Given the stakes both for students and the budget it is important for policymakers and the general public to understand the effects of different forgiveness options. Many economists have already pointed out that loan forgiveness would disproportionately help people on the upper end of the earning scale: Two scholars with the Brookings Institution, for instance,…

COVID-19 debt relief measures to change this week – The Adviser – The Adviser

Temporary changes to debt relief and bankruptcies brought into being in March will cease on Friday, with the bankruptcy threshold lifted. On 24 March of this year, thefederal government announced a series of changes to bankruptcy law as part of itswider economic response to the COVID-19 pandemic. Among the temporary changes implemented for personal bankruptcywere:…