Last week the Huffington Post published an article that just sent me over the edge. The headline read, “Republicans Want Private Debt Collectors To Replace IRS Agents; The GOP thinks it’ll save the government money, but the facts suggest the opposite.” While the headline got my attention, the first two sentences really got my blood boiling…
Collingswood, NJ: MyGovWatch.com has made available for download a free copy of a report the U.S. Department of Treasury (Treasury) provides annually to the U.S. Congress on Federal non-tax government receivables and debt collection activities of U.S. government agencies. MyGovWatch.com offers subscribers insider access to the past, present, and future of government and student loan […]
A report issued last week by the Office of the Inspector General (OIG) found that the Social Security Administration spent nearly three times as much as it took in to try to collect on mistakenly issued overpayments over the six year period ending in 2013. The findings are reminiscent of the IRS debt collection saga of the early 2000′s.
Philadelphia, PA – Revenue Collection Bureau, Inc. (RCB), based in Philadelphia, PA, today announced it has achieved Historically Underutilized Business Zone (HUBZone) certification through the U.S. Small Business Administration (SBA). The HUBZone program helps small businesses in urban and rural communities gain preferential access to Federal procurement opportunities. The program was enacted into law as […]
The Consumer Financial Protection Bureau (CFPB) will convene a public field hearing tomorrow in Milwaukee, Wis. to discuss student loans. The field event will feature remarks by CFPB Director Richard Cordray, followed by a panel discussion with consumer groups and industry representatives.
Collingswood, NJ: Fed Cetera has announced it is seeking minority-owned, small business collection agencies to respond to a Request for Information (RFI) to compete for new business collecting Federal student loans in 2015 and beyond. Such firms may be selected to work as Federal subcontractors on United States Department of Education (ED) Private Collection Agency […]
Performant Financial Corporation (PFMT), one of the Department of Education’s Private Collection Agencies, yesterday announced financial results for its first quarter ended March 31, 2015. The company also hosted a conference call to discuss the results. First Quarter Highlights Total revenues of $38.6 million, representing a year-over-year decrease of 34.2% Net loss of $4.4 million, […]
RDS (Revenue Discovery Systems), a provider of local government revenue administration services, today announced that Ashley Hancock has joined the RDS team as regional account manager.
Net Gain Marketing, Inc. (NGM), a specialized marketing consulting and information services firm serving multiple industry sectors since 2003, has announced the hire of Mike Wisniewski as its new Director of Information Technology.
MyGovWatch.com has announced a free teleseminar, entitled Top 10 Myths about Government & Student Loan RFPs, on Thursday, April 23, 2015, starting at 12:00 PM EST. Click here to sign up for the teleseminar.