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National Credit Union Administration (NCUA) releases information to Federal Insured Credit Unions to help them prepare for their next NCUA examination.  NCUA's primary areas of sueprvisory focus in 2018 are:  Cybersecurity Assessment, Bank Secrecy Act Compliance, Internal Controls and Fraud Prevention, Interest Rate and Liquidity Risk, Automobile Lending, Commercial Lending, Consumer Lending and Consumer Compliance.  To view Letter No.:  17-CU-09

NACUBO shares valuable information about the HEA Reauthorization Bill.  The bill would reaurohtize the Higher Education Act (HEA), the primary statute laying out the federal government's role in postsecdary education.  Read the article 

Federal Student Aid has consolidated its cybersecurity compliance information and resource page.  The data has been organized into key topical areas, including:  Regulations, Tools, Documents and FY18 Audit Lanaguage.  Additionally there is information regarding:  Reporting a breach, Alerts, Contact Information, Training and Conferences, as well as Related Links.  To access the FSA Cybersecurity Compliance page

ACA International shares the 2017 Earnst & Young survey which demonstrates an overview of the economic importance of U.S. third-party debt collection industry, as well as individual state economies.  To access the survey

Press Release:  Secretary of Education, Betsy DeVos announced that $10.4 million in additional funding will be available to assist students at more than 900 schools affected by the recent natural disasters.  Read the release

COHEAO shared that the House Education and the Workforce Committee is marking up the Promoting Real Opportunity, Success and Prosperity through Education Reform (PROSPER) Act (H.R. 4508), the House Republicans plan to address the Higher Education Act.  Click here to vist the COHEAO "Spark Notes"

Effective January 29, 2018, The National Credit Union Foundation (NCUF) has announced the addition of Chad Helminak as the new Director of Credit Union Development and Cooperative Values Engagement.  Read the press release

Press Release:  Secretary DeVos Praises Senate Action on FAFSA Simplification.   Read the release

Press Release:  The U.S. Department of Education takes the next step in tranforming the delivery of financial aid to millions of students and their families.   Read the release

InsideARM shared that a federal judge ruled against Leandra English, former Consumer Financial Protection Bureau (CFPB) Director Richard Cordray's pick to be the bureau's interim director. English had filed a lawsuit to stop Mick Mulvaney, President Trump's pick for the job, from assuming the role.  Read the article 

National Council of Higher Education Resources (NCHER) creates an infographic that share four points that will help keep borrowers safe:  1) Notice fake government seals and logos; 2) Never pay for help; 3) Keep your Federal Student Aid ID private; and 4) Fast student loan forgiveness does not exist..  To view the infographic

Dear Colleague Letter:  The U.S. Department of Education provided additional ifnormation on the wind-down of the Federal Perkins Loan Program.   This letter provided important information related to the:

(1) Expiration of the authority to make new Federal Perkins Loans

(2) Distribution of the assets of institutions' Federal Perkins Loan Revolving Fund

(3) Assignment of Perkins Loans to the U.S. Department of Education (the Department).  Read the letter

Electronic Announcement:  The U.S. Department of Education distributed the FY 2014 official cohort default rates (CDR) notification packages to all eligible domestic and foreign schools only.  Read the announcement

Electronic Announcement:  The U.S. Department of Education has provided the National Default Rate Briefings for FY 2014 Official cohort default rates. Read the announcement

Electronic Announcement:  Federal Student aid has consolidated its cybersecurity compliance information and resources.  Click here to access the link

Electronic Announcement:  The U.S. Department of Education shares information about the Default Reduction Assistance Program (DRAP).  This program assists schools in contacting defaulted Federal Perkins Loan borrowers before their accounts are sent to collection agencies.  Read the announcement

Dear Colleague Letter:  The U.S. Department of Education has provided a letter updating information regarding the impact of a "major disaster" on the administation of the Title IV student assistance programs.  Read the announcement

Electronic Announcement:  The U.S. Department of Education has provided guidance to Title IV participants affected by Hurricane Harvey.  Read the announcement

FDIC Disaster Responsiveness Site:  General preparedness information and state specific information for state and federal banking agencies and other organizations may be obtained through FDIC.  Click here to learn more

For an update on Hurricane Harvey, please click here.  For support with Frequently Asked Questions for Bank Customers in Areas Affected by Hurricane Harvey, please click here to learn more.

Electronic Announcement:  The U.S. Department of Education has made available Volume 6 - The Campus-Based Programs of the 2017-2018 Federal Student Aid Handbook.   Click here to access the 2017-2018 Federal Student Aid Handbook

Electronic Announcement:  The U.S. Department of Education has posted a report that notifies the community of the approved awards for campus-based programs for the 2017-2018 Award Year.   Click here to access the notification

COHEAO shares three easy ways to Support Perkins Now.  Click here to vist the COHEAO Advocacy Page and Read more about how you can support the Perkins Loan Program

Kelly Cochran, Assistant Director for Regulations at the CFPB posted a blog titled:  Spring 2017 rulemaking agenda.  This blog provides guidelines on new timelines for the Notice of Proposed Rulemeaking (NPRM) for debt collection.  Read the blog

Tim Bauer, President insideARM shares changes to West Virginia Debt Collection Laws that are now in effect.
Read the article

Electronic Announcement:  The U.S. Department of Education has posted the Federal Perkins Loan Program Status of Default as of June 30, 2016, known as the Orange Book. "The Orange Book as of June 30, 2016". Read the announcement

InsideARM shared that the CFPB Director Richard Cordray announced that the Bureau will be separating the "right consumer, right amount" aspect of its debt collection rulemaking in order to ensure that complexities are properly addressed by intertwining rules for both creditors and their clients.  Read the announcement 

COHEAO writes all members of the House of Representatives encouraging them to co-sponsor the Perkins Loan Extension Act, H.R. 2482.
Click here to vist the COHEAO "Spark Notes"

COHEAO Shares Conduent's Decision to Exit the Campus Loan Servicing Market.  Click here to vist the COHEAO "Spark Notes"

ConServe is proud to be a member of COHEAO.  Join COHEAO today and receive timely information regarding legislative activities, regulatory updates, general industry news and networking opportunities with members and other who share the common goal of increassing access to post secondary education through student financial services.  Learn how you can become a COHEAO member today.

National Credit Union Administration (NCUA) releases data on the financial performance of federally insured credit unions in the quarter ending March 31, 2017. "Q1 2017 Credit UnionSystem Performance Data"

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