Government Receivables Feed Link

Government Receivables

Governments of all sizes and locations are owed money. In the U.S. federal government, citizens and businesses typically owe taxes, fines and fees. Consumers can also owe on federally-backed student loans, while businesses can owe on development loans. Several branches of the U.S. government have robust ARM operations, including the IRS and the Department of Education.

On the state and local level, debts to the government can be too many to enumerate. From court fines and fees to sales tax to late parking tickets. An overwhelming majority of U.S. states, and thousands of municipal governments, have used private debt collectors to help recover their debts.

class-action-movie

Texas Law Firm to Pay $3.4 million – Settling Class Action Matter Alleging Unauthorized Practice of Law in California

On January 8, 2016 a Federal Judge in California approved a settlement in the matter of 4EC Holdings v. Linebarger Goggan Blair & Sampson (Case No 3-14-cv-01944, N.D. California) whereby the defendant law firm will pay $3.4 million dollars to resolve claims made in a class action proceeding that the firm violated the California Unfair […]

Im-Just-a-Bill

Congress and President Obama Order IRS to Use Private Collection Agencies

Last Friday, President Obama signed into law the Fixing America’s Surface Transportation Act, or “FAST Act.” Included in that law is a provision requiring the Internal Revenue Service (IRS) to use private debt collection companies. The law requires the IRS to “begin entering into contracts and agreements within three months after the date of the enactment of the Act.” However, there is no specified time frame for placements to begin.

earnings-statement

Performant Earnings Announcement Hits Three Hot Topics

Performant Financial Corporation (PFMT), historically one of the Department of Education’s (ED) top performing private collection agencies, yesterday announced financial results for its third quarter ended September 30, 2015. The company also hosted a conference call to discuss the results. Third Quarter Financial Highlights Total revenues of $38.5 million, compared to $39.6 million in the […]

irs-building-dc

House Expected to Vote This Week on Transportation Bill With IRS Debt Collection Provision

The House is expected to vote later this week on a Highway Bill that includes a funding provision that would once again use private debt collectors (PDC) to collect debt owed to the Internal Revenue Service. Unlike most recent transportation legislation, this is a multi-year bill, which would allow the completion of more significant and […]

US-capitol

Budget Deal Includes Autodialer Provision for Federal Debt Collectors

The latest congressional budget deal includes a provision to let companies collecting federal student loans (or other debts guaranteed by the government) collectors call cellphones using auto-dialers. A welcome boon to (a select few) collectors that have contracts with the Department of Education amid a sea of recent bad news, the move also highlights the double standard in the way lawmakers treat government vs. private debt.