📃Regulations on Public Disclosure of Delinquent Debtors
Public Dissemination of the Identity of a Delinquent Debtor
Summary
The Debt Collection Improvement Act of 1996 (DCIA) authorizes Federal agencies to publicly disseminate information regarding the identity of persons owing delinquent nontax debts to the United States for the purpose of collecting the debts. The Department of the Treasury, Bureau of the Fiscal Service (Fiscal Service), proposes to promulgate this rule to establish the minimum procedures Federal agencies must follow prior to publicly disseminating information regarding the identity of delinquent debtors and the standards for determining when use of this debt collection tool is appropriate.
Agencies
- Treasury Department
- Bureau of the Fiscal Service
Business Impact
$$ - Med
The proposed rule enables federal agencies to publicly disclose the identities of delinquent debtors, which emphasizes compliance with debt management protocols. Businesses may be affected if they are among the entities that owe delinquent nontax debts, impacting their reputation and financial standing. Compliance requirements are clearly articulated.