Troutman Sanders

OCTOBER 19, 2021

Federal Activities: On October 15, the Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid, reporting directly to the chief operating officer. On October 4, the CFPB announced that the deadline to request initial forbearance for loans backed by the U.S.

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Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

JUNE 21, 2023

million to consumers harmed by Arete Financial Group, a student loan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief. For more information, click here.

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Financial services Collection Agencies Collections Agency Trade 52

Troutman Sanders

OCTOBER 11, 2021

Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA). According to the announcement, the new office will “strengthen oversight of and enforcement actions against postsecondary schools that participate in the federal student loan, grant, and work-study programs.”

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Financial services Loans Lender Foreclosure 52