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Uncle Sam tightens grip on delinquent debts
Washington moves to boost debt collection by letting federal agencies hire private collection firms and by potentially sharing delinquency data with credit rating bureaus. Officials say this will recover billions, without salary garnishment, and aim to curb nonpayment on student, business, and housing loans.
MENTIONED IN THIS ARTICLE
Newhouse
Washington
Uncle Sugar
U.S. Treasury
Department of Justice
William French Smith
Credit Rating
Jack Brooks
D-Texas
Posal
Credit Rating Bureau
Brooks
Credit Bureau
John L. Spafford
Associated Credit Bureaus