Department of Education Collections Archives - Page 2 of 39

March 25, 2020 by Katie Grzechnik Neill in Collection Law Firms

ED Suspends Student Debt Collection Due to COVID-19

Editor's Note: All COVID-19 related articles published by insideARM can be found here. -- First, New York temporarily suspended the collection of certain debts owed to the state during the pendency of...

November 26, 2019 by Katie Grzechnik Neill in CFPB

CFPB, ED Sued for Failure to Oversee Student Loan Servicers

As the student loan crisis progresses, fingers are pointed in all directions to determine who should be doing more to solve the problem. Programs meant to aid borrowers seem to...

October 30, 2019 by Katie Grzechnik Neill in CFPB

Senators Demand CFPB Review Payment Processing Errors at Student Loan Servicer, Denials of Loan Forgiveness

On Monday, a group of twenty-three senators sent a letter to the Consumer Financial Protection Bureau's (CFPB) Director Kathleen Kraninger demanding that the agency investigates Pennsylvania Higher Education Assistance Agency, better...

October 24, 2019 by Stephanie Eidelman in Department of Education Collections

A. Wayne Johnson Resigns from Dept of ED, Suggests All Student Loans Should Be Canceled

The Wall Street Journal and the Atlanta Journal-Constitution reported today that A. Wayne Johnson said he intends to resign from the Department of Education to seek appointment to the U.S....

August 1, 2019 by Stephanie Eidelman in Department of Education Collections

Federal Student Aid Has Won its War with Private Debt Collectors

It appears the door has finally closed on any chance for large private collection agencies (PCAs) to compete directly for a Department of Education (ED) contract for post-default debt collection...

July 19, 2019 by Stephanie Eidelman in Department of Education Collections

Decision Expected Any Day in Case of Collectors v. Federal Student Aid on NextGen Procurement

You may not realize that while the debt collection community has focused on the CFPB’s rulemaking, robocall blocking, data breaches and impending data privacy laws, the war between private collection...

July 3, 2019 in Department of Education Collections

Professional Placement Services Seeking HUBZone/WOSB Dept. of ED Subcontracts

MILWAUKEE, WI. -- Professional Placement Services, L.L.C., a Historically Underutilized Business Zone (HUBZone) and Woman-Owned Small Business (WOSB) has announced the company is seeking to establish HUBZone/WOSB subcontracts on the...

May 2, 2019 by Stephanie Eidelman in Department of Education Collections

NextGen Deadline Postponed Again, and ED Considers Selling Defaulted Loans

It’s been a while since my last update on the Department of Education’s (ED) NextGen solicitation. In January I reported that ED had released a three-part “re-do” of its original...

April 22, 2019 by Stephanie Eidelman in Department of Education Collections

Court Denies PCAs' Motion to Prevent Account Recall by Department of Education

Last Tuesday the Court of Federal Claims (COFC or the Court) heard arguments in the case of FMS Investment Corp., (FMS) et al., v. United States (the Department of Education...

April 8, 2019 by Stephanie Eidelman in Department of Education Collections

Department of ED vs. Collection Agencies Saga Will Come to a Head on April 16

In a status conference on March 21, 2019, the Court of Federal Claims (COFC) set a hearing date of April 16th to address a preliminary injunction that would prevent the...

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