|
The U.S. Department of Education and the Treasury announced an interagency agreement under which the Treasury will take responsibility for collecting defaulted federal student loan debt and provide operational support for ED's efforts to return borrowers to repayment. The agencies' fact sheet stated the partnership is authorized under the Economy Act, and noted the federal student loan portfolio totals nearly $1.7 trillion, with fewer than half of borrowers in current repayment and almost a quarter in default. It also noted that the Treasury plans to revoke a 2011 waiver that allowed ED's Office of Federal Student Aid to service its own defaulted debt under the Debt Collection Improvement Act of 1996. *
The General Bar is proud to partner with ConvergentDS! It helps collection agencies, debt buyers and law firms manage cyber risk with assessments, pen testing and remediation. Every organization faces continuous risk exposure from cyberattacks, which can be very costly and disruptive for your business and customers. Their sophisticated understanding of threat actors combined with broad business experience will strongly benefit your cyber defense strategy. ConvergentDS will help you identify and remediate vulnerabilities before they can be exploited.
|
RAISING THE BAR 
