Verto Education Review: Gap Year Program

Nerd Wallet

The bottom line: Verto Education is a gap year program provider that partners with colleges to enable students to take a gap year and still graduate on their original four-year timeline. The article Verto Education Review: Gap Year Program originally appeared on NerdWallet.

CESI: Consumer Education Services Inc. Review 2020

Nerd Wallet

Consumer Education Services Inc. The article CESI: Consumer Education Services Inc. offers many common credit counseling services by phone or online, including debt management plans, student loan counseling and housing counseling.

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Back to School Finances for Parents: How to Finance Your Child’s Education

Credit Corp

The cost at private higher education institutions can run more than double that. Paying for K–12 Educational Expenses for Your Child. Funding a College Education. Financial planning for higher education should start well before your child is ready to move out.

FCA Proud to Offer Live, In-Person Networking and Educational Opportunities at Annual Conference

Account Recovery

The event will be a joint live/virtual conference, offering everyone in the industry with the chance to participate in person or via their … The post FCA Proud to Offer Live, In-Person Networking and Educational Opportunities at Annual Conference appeared first on AccountsRecovery.net.

State Attorneys General File Suit Against U.S. Department of Education

Troutman Sanders

Department of Education (the “Department”) and Secretary of Education Betsy DeVos (the “Secretary”). Earlier this month, California Attorney General Xavier Becerra and Massachusetts Attorney General Maura Healey led a group of twenty-three attorneys general in a lawsuit against the U.S.

Consumer Financial Protection Bureau Announces Podcast Series on Paying for Higher Education

Consumer Finance

The Consumer Financial Protection Bureau today released the first episodes of a two-part podcast series for students, parents, and practitioners on managing finances before, during, and after college. Press release Student loans Students

NYC Department of Consumer Affairs Releases Glossary and Translations of Commonly Used Terms Just Before Expiration of Enforcement Grace Period

Collection Industry News

Educational NewsThe enforcement grace period for the New York City Department of Consumer Affairs’ (DCA) new debt collection rules , ended October 1, 2020.

Schools to Re-open in September 2020

Price Meese

Governor Murphy and the Commissioner of the Department of Education (“DOE”), Dr. Lamont Repollet, announced today that all schools will be permitted to physically open for all or part of the day for the 2020 – 2021 school year provided that New Jersey’s health metrics regarding COVID-19 remain low. To read the entirety of the plan click on the title: “ The Road Back Restart and Recovery Plan for Education ” ( [link] ). COVID-19 | Special Education Law COVID-19 Resources

CFPB Settles with Encore for $15MM Civil Penalties and $78K Monetary Relief

Collection Industry News

Educational NewsA little over a month after the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Encore Capital and its subsidiaries, the parties have reached a settlement. Just like that, the case is now over. On Thursday of last week, the CFPB filed a stipulated judgment that effectively extends the CFPB’s prior consent order with Encore for five more years in addition to applying certain monetary penalties.

California Attorney General Proposes Additional Modifications to CCPA Regulations

Collection Industry News

Educational NewsThe California Office of the Attorney General issued a Notice of Third Set of Proposed Modifications to its regulations relating to the California Consumer Privacy Act on Oct. Written comments will be accepted until 5 pm on Oct. 28, 2020. There are four modifications, which the AG summarizes in its notice. First , “[p]roposed section 999.306, subd. (b)(3),

Karen Edler to speak at Volunteer Lawyers for Justice webinar on June 2, 2020

Price Meese

will be speaking at the Volunteer Lawyers for Justice free webinar, Special Education Law and Advocacy During COVID-19, for parents of children with special needs on June 2, 2020 at 12:00 p.m. The webinar will also address how parents can virtually advocate to implement their child’s IEP programming and related services; obtain Extended School Year Services; handle IEP meetings; seek evaluations, and obtain compensatory education. Karen Edler, Esq.

COVID-19: TIPS FOR BATTLING BACK TO SCHOOL ANXIETY

Price Meese

EDUCATION LAW GROUP offer virtual consultations to assist families with any and all educational needs. The author, Michelle Krone , is an attorney who focuses her practice in Education Law and Trusts and Estates. COVID-19 | Special Education Law COVID-19 Resources

Eleventh Circuit Affirms Dismissal of FDCPA Suit Over SOL

Collection Industry News

Educational NewsThe Court of Appeals for the Eleventh Circuit affirmed the dismissal of a Fair Debt Collection Practices Act (“FDCPA”) lawsuit finding Georgia’s six-month statute of limitations renewal statute did not apply to the FDCPA. In Edwards v. Solomon & Solomon , Edwards filed a Complaint against Solomon and Solomon (“Solomon”), a third-party collection agency in Georgia State Court, alleging violations of the FDCPA.

New York City Department of Consumer Affairs Releases Glossary and Translations of Commonly-Used Terms Just Before October 1, 2020 Expiration of Enforcement Grace Period

Collection Industry News

Educational NewsThe enforcement grace period for the New York City Department of Consumer Affairs’ (“DCA”) new debt collection rules, ends today, October 1st.

New York State Debt Collection Suspension Renewed Through November

Collection Industry News

Educational NewsNEW YORK (WWTI) — The Office of the Attorney General announced Monday that suspension of state debt collection will be renewed for the seventh time. New York Attorney General Letitia James announced on October 5 that New York has renewed the order to halt state medical and student debt collection specifically referred to the OAG. This order will be renewed for an additional 30-day period, through November 3, 2020.

Yes, Debt Collectors Can Still Call Numbers Supplied to Creditors as Part of Underlying Transaction

Collection Industry News

Educational NewsReally quick one for you. TCPAWorld is so topsy-turvey that it is good to level set and remind ourselves of some basics once in a while. Here’s some bedrock—debt collectors can call numbers supplied by the consumer to an original creditor as part of a credit transaction. The consent flows “downhill” in that instance, automatically. That’s been the case since 2009, but here’s a ruling from yesterday that says it again: Amadasun v. DataSearch, Inc., October 6, 2020).

Are Your Debt Collection Communications Getting Through and Timed Right?

Collection Industry News

Educational NewsOf any year in recent memory, 2020 has been the most turbulent and unsettling. COVID-19, civil unrest, and natural disasters are taking a heavy toll emotionally and financially. For third-party collectors, showing empathy for consumers is a moral and business imperative. So is communicating compliantly to protect their rights. But the compliance piece is becoming more of a challenge. Between the current state of affairs in the U.S.

2019 Fair Debt Collection Practices Act

Burt and Associates

EducationThe Federal Trade Commission (FTC) is the nation’s consumer protection agency. The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace. For your information is available the 2019 Fair Debt Collection Practices Act. FDCPA 2019.

How Does a Debt Consolidation Program Work?

Titan Consulting

Blog Debt Consolidation Financial EducationKey Takeaways. Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit.

How to Access Equity in Your Home Without Taking Out a Loan

Titan Consulting

Blog Financial EducationKey Takeaways. Home Equity Loans and Home Equity Lines of Credit (HELOCs) are convenient, cost-effective ways to access capital from your home’s value. Lenders are increasing the requirements for borrowers to qualify due to the COVID-19 pandemic.

Why Making Minimum Payments to Pay Off Credit Card Debt Ensures You Will Die Broke

Titan Consulting

Continuing to pay just the minimum payments on your credit card debt robs you capital you could use to fund your retirement or pay for your children’s education. Blog Debt Relief Financial EducationKey Takeaways.

Is Debt Settlement Legit?

Titan Consulting

Additionally, consumers must complete an approved financial education and budgeting course to complete the program. Blog Debt Settlement Financial EducationKey Takeaways. Multiple state and federal agencies strictly regulate the debt settlement industry.

Should I Pay Off My Credit Card Debt or My Mortgage?

Titan Consulting

Blog Debt Relief Financial EducationKey Takeaways. Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt.

Consumers Getting Shut Out of HELOC’s as an Option to Raise Cash During the Coronavirus Pandemic

Titan Consulting

Blog Coronavirus (COVID-19) Financial EducationKey Takeaways. Interest rates have dropped to historic lows, making now a great time to refinance or take out a Home Equity Line of Credit (HELOC). Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS.

Legal-Related Language in Collection Letters, and How N.D. Illinois Can’t Make Up Its Mind

Collection Industry News

Educational NewsThere have been several court decisions to come down the pipeline regarding legal-related language and disclosures in collection letters. For example, the Southern District of New York recently dismissed a complaint where the crux was letter language that stated, “[Creditor] will send your account to an attorney for possible legal action” if a payment arrangement is not made. Even the Northern District of Illinois (N.D.

IRA and 401K Withdrawals Made Easier During COVID-19

Titan Consulting

Coronavirus (COVID-19) Financial EducationKey Takeaways. The CARES Act relaxes rules and restriction for individuals that need to access cash in their IRAs or 401-K retirement plans.

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Student Debt Adding Up? What You Need to Know

National Service Bureau

Federal loans come from the United States national government and are controlled by the Department of Education, while non-federal loans may come from a variety of sources to include state or local governments, the school itself, or a private organization of some sort. Ford Federal “Direct Loan” Program, or the Federal Family Education Loan “FFEL” Program. Other circumstances can be found on the Department of Education website.

Top Challenges Consumer Face When Using Alternative Credit Scoring Systems

Titan Consulting

Blog Credit Reporting Financial EducationKey Takeaways. Your credit score doesn’t measure your financial worth, or necessarily your level of financial responsibility. Your credit score only measures your ability to manage debt.

How to Use Alternative Data to Build Your Credit Report

Titan Consulting

Blog Credit Reporting Financial EducationKey Takeaways: Over 50 Million American lack a credit score or adequate credit history that can be used to grant credit. If you are trying to establish credit for the first time, or just rebuild your credit after a financial hardship, non-traditional data sources may be helpful in establishing or improving your credit score.

Consumer Financial Protection Bureau Report Finds Continued Decline in the Market for Certain Kinds of College Credit Cards

Consumer Finance

The Consumer Financial Protection Bureau issued a report on agreements between credit card issuers and institutions of higher education. Press release Students Credit cards Credit CARD Act

Understanding Why You Have So Many Different Credit Scores

Titan Consulting

Blog Credit Reporting Financial EducationKey Takeaways. All three for-profit credit reporting agencies, Experian, Equifax and Transunion compile and report consumer credit and debt payment activity and sell this consumer information to lenders seeking to grant credit. It is always a good idea to check what is being reported on your credit file from each agency as each agency may report differently.

Lender Response to the Coronavirus Pandemic Could Negatively Impact Your Credit

Titan Consulting

Blog Coronavirus (COVID-19) Financial EducationKey Takeaways. Banks are proactively working with consumers during the Coronavirus Pandemic, while quietly working behind the scenes to shed risk in their portfolios wherever possible. Banks are reducing credit lines or closing accounts altogether to lower their exposure to delinquencies and defaults. If your bank or credit card issuer lowers your available credit line, your credit score may be negatively impacted.

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FICO XD is Changing the Way Consumers Build Credit

Titan Consulting

Blog Credit Reporting Financial EducationKey Takeaways. The FICO XD credit scoring model is a new credit scoring model that utilizes alternative credit data. The FICO XD scoring model now provides millions of consumers access to a credit score, that were once overlooked, mostly from a lack of data. Fico XD helps young adults, immigrants, and those with past credit challenges that resulted in closing all credit accounts.

Tenth Circuit Affirms Order Allowing Discharge of Private Student Loans

Troutman Sanders

523(a)(8)(A)(ii) which excepts “an obligation to repay funds received as an educational benefit, scholarship, or stipend.” The bankruptcy court dissected the provision and held that the debtors’ tuition loans are not “obligations to repay funds received as an educational benefit.”.

FCA Participants Happy to Be Back in Live Event Saddle

Account Recovery

The FCA offered a full slate of educational and networking opportunities for those who attended the event … The post FCA Participants Happy to Be Back in Live Event Saddle appeared first on AccountsRecovery.net.

What is the Cohort Default Rate (and relationship to student debt)?

National Service Bureau

Department of Education and submit an Incorrect Data Challenge to contest inaccurate statistics. Partner with a collection agency that has a history of empathetic and reasonable student loan collection practices and that specializes in education collections. student debt education debt cohort default rateIntroduction to the Cohort Default Rate: When students default on their federal student loans the government and by consequence, taxpayers, lose money.

Debt Collection: Big Agency Results, Small Agency Service

National Service Bureau

Medical Collections Debt Collections National Service Bureau Collection Agency debt collection accounts receivable management education collectionsThere are a lot of collection agencies out there, and we at National Service Bureau wanted to take this opportunity to explain why we’re a little different from the others. Our collection philosophy and track record help to differentiate us, but that’s not the only reason we might be a good fit for your business.