Account Recovery

OCTOBER 11, 2021

The Department of Education on Friday announced the creation of a new enforcement office that will watch over postsecondary institutions to “vigorously” ensure that rules are being followed and named an individual that should be familiar to many in the accounts receivable management industry to run the office.

Student Loans 245

Student Loans Student loans Loans Accounts Receivables Management 245

Account Recovery

MAY 4, 2021

A familiar name is coming back to help regulate the accounts receivable management industry. trillion of student loans. … The post Cordray Tapped to Run Federal Student Loan Program appeared first on AccountsRecovery.net. .

Student Loans 200

Student Loans Student loans Loans Accounts Receivables Management 200

True Accord

JULY 13, 2023

The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Debt increases showed up across almost all categories, with larger balances for mortgages , home equity lines of credit, auto loans, student loans , retail cards and other consumer loans.

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Financial Institution Student Loans Student loans Loans 78

Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. The educational motivations of public-minded debt collectors notwithstanding, consumer advocates aren’t convinced. The momentum has reached the federal government.

Garnishment 40

Garnishment Collections Debt collector Accounts Receivables Management 40

Account Recovery

JANUARY 22, 2025

The most notable were the failed efforts to eliminate lawfully contracted student loan debt, and the imposition of grossly improper bans on medical debt reporting. Neither of these positions were endorsed by a bipartisan collection of legislators. 2020 and most of 2021 were a boon for the ARM industry only because of stimulus payments.

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Collections Financial services Accounts Receivables Management Student Loans 243

Account Recovery

JANUARY 8, 2021

A pair of officials in the Trump administration with ties to the accounts receivable management industry announced their resignations yesterday in response to what happened in Washington, D.C., Betsey DeVos, the Secretary of Education, and Mick Mulvaney, the U.S. earlier this week.

Accounts Receivables Management 246

Accounts Receivables Management Education Student Loans Student loans 246