COLLEGE PARK, Md. – Kaulkin Ginsberg, the leading consultancy and M&A advisory firm specializing in the accounts receivable management (ARM) industry, began the fifth semester of its Research Fellows Program earlier this month in conjunction with the University of Maryland, College Park’s Department of Economics. Fellows will focus their research on U.S. government bad debt […]
A U.S. Government Accountability Office (GAO) report released on Septmember 10, 2015 found that the Internal Revenue Service (IRS) lacks written documentation of its collection program objectives and methodology. The GAO study concluded that these deficiencies make it difficult to assess the program’s effectiveness.
The U.S. Department of Education (ED) Private Collection Agency (PCA) program remains an opportunity for small businesses despite recent wrangling over five contractor suspensions in March and a bid process for large (“unrestricted”) contractors still incomplete after two years. Goals have gone up over the last two years, with ED’s prime and subcontracting goals now at 20% and 33%, respectively.
To date, over the 57-year history of the Perkins Loan Program, more than 30 million students with need have benefited from this important source of funds. This proven and longstanding loan program is in jeopardy. In order for the Program to continue, Congress must reauthorize the program or extend the September 30, 2015 sunset date. You can help.
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 […]