Correction: NerdWallet-Millennial Money-New Debt Rules story
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November 12, 2020 2:27 PM
In a story Nov. 10 about rules covering third-party debt collectors, The Associated Press — in an article supplied by the personal finance website NerdWallet — reported erroneously that collectors can’t ask for a post-dated check for them to cash later. Collectors can ask for a post-dated check, but must warn consumers a set number of days before the check is cashed. Collectors can’t ask for a post-dated check for the purpose of threatening or instituting criminal prosecution.
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