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

JMFA Podcast

JMFA Podcast
Collecting on overdrawn or charged-off accounts during COVID-19
Apr 20, 2020 Episode 2
JMFA

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.