Don’t Miss Out On Your Share Of $1 Trillion

This new report from Ontario Systems is used to explain how the size (huge) and dynamics (complex) of the student loan market can be used as an opportunity for debt collectors to get involved in the marketplace, either as government contractors, as subcontractors to agencies already working with the government or as their own unique entity.

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Student Loan Collection: Snapshots and Strategies

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CFPB Sues For-Profit College for FDCPA Violations and Predatory Loan Program

The Consumer Financial Protection Bureau (CFPB) said Tuesday that it has sued for-profit college operator Corinthian Colleges, Inc. for creating a loan program that was so complicated in structure, it actually exposed Corinthian to liability under the FDCPA as a collection agency. The company is also accused of a host of other financial violations.

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The National Consumer Law Center released a pretty one-sided report about the role debt collectors play in collecting student loan debt for the Department of Education. But fear not: Student loan collection is a viable market, no matter how “icky” some might believe it to be. That’s why we created our new report, Student Loans – A Primer, which provides a snapshot of the student loan industry so that collectors can see where there is the greatest opportunity for growth in the market, and how compliance and “consumer first” thinking are mindsets that can ultimately boost ROI.

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