The student loan market is often framed in terms of the Next Big Thing for the ARM industry. Unpaid student loans make up the highest-growth collections market in the country, topping $1 trillion in 2013. However, the market segment remains confusing for those that want a chance to work student loan paper.
Many don’t realize that the fractured nature of the student loan market presents challenges for even seasoned ARM industry vets that many are, at least as of yet, unprepared to handle.
Continental Service Group, Inc., d/b/a ConServe, launched a Jeans for Charity Program in 2008, and has consecutively given back to the local community by participating in a monthly campaign benefiting a diverse group of non-profit organizations. ConServe has been inspired by the generosity of their employees and will be offering a “ConServe Matching Gift Program.”
Performant Financial Corporation (NASDAQ: PFMT), a leading provider of technology-enabled recovery and related analytics services in the United States, today announced that Bradley M. Fluegel has been elected to serve on its Board of Directors.
National Credit Services (NCS) and Fed Cetera are pleased to announce that NCS has won Fed Cetera’s first-ever Robert J. Prince Award for outstanding performance as a subcontractor on the Department of Education’s (ED) Private Collection Agency (PCA) contract.
Tuesday night, President Barack Obama used his fifth State of the Union speech to outline the “year of action” he wants to take in public policy, with or without the help of Congress. One of the key issues he addressed was student loan debt. According to the administration, there are 37 million student loan borrowers […]
Sallie Mae, the nation’s largest student loan company, announced that it’s prepared to spend $70 million to deal with investigations from the Consumer Financial Protection Bureau, the U.S. Department of Justice and the Federal Deposit Insurance Corp. Federal regulators allege that the company violated federal consumer protection laws by engaging in discriminatory lending, overcharging active-duty members of […]
Continental Service Group, Inc., d.b.a. ConServe, employees donated a total of $3,720 through its Jeans for Charity Program this past December to the Buffalo City Mission and the Rochester Open Door Mission.
The New York Times Thursday ran a lengthy investigative report on one of the largest student loan guaranty agencies in the country and their practices related to rare bankruptcy petitions to expunge student loans.
The Consumer Financial Protection Bureau (CFPB) Tuesday announced that it will be expanding its regulatory reach to companies like Sallie Mae that collect and manage student loan payments. The agency will now supervise the seven largest nonbank student loan servicers.