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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.

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RCB Achieves Federal HUBZone Certification

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 […]

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Performant Q1 Earnings Provide Insight on Student Loan Collections

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, […]