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The Office of Enforcement will be responsible for oversight of enforcement actions against postsecondary schools that participate in the federal studentloan, grant, and work-study programs. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.
million to consumers harmed by Arete Financial Group, a studentloandebt 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 studentloandebt relief. For more information, click here.
It primarily had the CARES Act to thank: The bill delivered hundreds of billions of dollars worth of stimulus checks and bulked-up unemployment benefits to Americans, while easing pressures on them by halting foreclosures, evictions and studentloan payments. Debt-buying executives couldn’t help marveling at their good fortune.
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