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FmHA to review private debt collection plan
The Farmers Home Administration announced a review of its debt collection procedures after hiring Capital Credit Corp. to pursue $630 million owed by about 6,500 delinquent borrowers. Officials say safeguards will protect borrowers while pursuing only long overdue, nonperforming debts. Local and national farmers groups criticized the move as harsh, warning it could provoke political fallout.
MENTIONED IN THIS ARTICLE
Farmers Home Administration
Vance Clark
Fmha
Agriculture Department
Clark
Capital Credit Corp
Fairfield
N.J
New Jersey Company
Ron Ence
United States
Evans
Capital Credit
Justice Department
The
Cy Carpenter
National Farmers Union
de von Woodland
National Farmers Organization