Category Archives: Student Lending

Subscribe to Student Lending RSS Feed

IRS Issues New Requirements for IVES Participants

On June 23rd, the IRS dropped a bombshell on the lending industry.  As of Midnight on July 1, 2016, many lenders will no longer be able to  verify directly borrower income except through snail mail. If the IRS sticks to its plan, domestic lending is about to slow to a snail’s pace.  Based on a … Continue reading this entry

Class Action TCPA Case Dismissed Because Calls Were Made Solely To Collect a Debt Owed To Or Guaranteed By The United States

student_loans
The Pennsylvania Higher Education Assistance Agency autodialed student debtor, Neil Silver, in January 2014 in an effort to collect on student debt. Silver claimed that these calls were made without his consent, and therefore violated the Telephone Consumer Protection Act.  In February 2014, Silver filed a class action lawsuit against the Education Assistance Agency seeking … Continue reading this entry

Student Aid Enforcement Unit Formed To Protect Students, Borrowers, And Taxpayers

student_loans
Today the Obama Administration’s Department of Education announced the creation of a Student Aid Enforcement Unit to respond more quickly and efficiently to allegations of illegal actions by institutes of higher education. Acting Secretary of Education, John B. King, stated, “When Americans invest their time, money, and effort to gain new skills, they have a … Continue reading this entry