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Why it matters: For professionals in debtcollectionagencies, debtbuying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.
The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debtbuying companies, collectionagencies, collection law firms, brokers, originating creditors, and affiliates.
Is there a law in NYC that protects consumers and debtors from debtcollectingagencies, businesses, and their attorneys? Suppose you are under constant pressure from these agencies and their legal representatives to settle your debt. You must inform consumers about the debt specifics.
Federal Activities: On October 15, the Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid, reporting directly to the chief operating officer. These FAQs are a Compliance Aid designed to help collectionagencies comply with Reg F, which goes into effect on November 30, 2021.
million to consumers harmed by Arete Financial Group, a student loan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief. For more information, click here.
Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA). Department of Education announced a temporary period during which borrowers may receive credit for payments that previously did not qualify for public service loan forgiveness (PSLF) or temporary expanded PSLF (TEPSLF).
She has chaired the Education Committee; the Legislative Fund Committee; the Editorial & Social Media Committee; the Federal Legislative Committee; and was instrumental in forming the DEI Task Force (now the DEIB Committee). Presidents Award RMAI awarded the Presidents Award to Kelly Knepper-Stephens, Chief Legal Officer for TrueAccord.
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