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The Department of Education (the Department) determined that it has the authority to reimburse institutions the institutional share of Perkins Loan Service Cancellations from the Perkins Fund.  Click here to read the electronic announcement

The charts show the variable interest rates applicable to the Federal Stafford, Federal SLS, Federal PLUS, and Federal Consolidation loan programs for the period July 1, 2019 –June 30, 2020. Click here for details 

The Department of Education has decided not to require a distribution of assets from the institution’s Perkins Fund for the 2018–19 Award Year. Click here to read more

In a notice dated May 23, 2019, FSA published information on “Interest Rates for Direct Loans First Disbursed Between July 1, 2019 and June 30, 2020.” Click here for more

The Consumer Financial Protection Bureau recently posted a blog outlining its Spring 2019 Rulemaking Agenda as part of the Spring 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the White House Office of Management and Budget. Click here for the full blog post

The Department of Education’s (ED) College Scorecard this week was updated to include program-level student debt data as well as new information on 2,100 additional postsecondary education options and more information on graduation rates. Click here the full announcement

As work continues to reach an agreement on standard terminology and format for financial aid offers, the U.S. Department of Education offered the following guidance on what schools should avoid when issuing financial aid offers. Click here to get the recommendations.

Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act in May, 2018.  Additional amendments related to veterans' medical debts go into effect May 24, 2019.  Click to read more.

NCUA recently linked to an article discussing the CFPB's Release of their Small Entity Compliance Guide Summarizing the Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule. Click to read more

The CFPB and FTC have published their annual Fair Debt Collection Practices Act (FDCPA) report to
Congress. The report, which the Bureau and FTC are statutorily required to produce, summarizes various
trends in debt collection in numerous markets. Click to read more

COHEAO and others have been talking to the Department of Education and Congress about the obligation under the Higher Education Act for the Department to reimburse institutions for their share of cancelled Perkins loans. Click to read more

Colleen Campbell, Director, Postsecondary Education for Center for American Progress joins NACUBO’s Bryan Dickson to talk about the Department of Education’s Federal Student Aid proposed payment vehicle and the myStudentAid app. Click to read more

In this announcement, Federal Student Aid provides specific information to assist your school in reconciling the Federal Pell Grant (Pell Grant) Program. Click to read more

If you made federal student loan payments in 2018, you may be eligible to deduct a portion of the interest paid on your 2018 federal tax return. Click here to learn how these things can benefit you.

In a recent Dear Colleague Letter, Federal Student Aid provided attachments containing the 2019-2020 Award Year Federal Pell Grant Program Payment and Disbursement Schedules. Click here to read the full letter

The Department of Education's financial responsibility standards are intended to ensure that institutions participating in federal financial assistance programs are able to meet their financial obligations and comply with ED rules. Click here to read more. 

Federal Student Aid announced the availability of the revised Federal Perkins Loan (Perkins Loan) Assignment Form. Click here for full details

The new NCUA.gov features a mobile-first design that allows users to access and view the agency’s website on a variety of platforms, including smartphones, tablets, laptops and desktops. Read more

The Department of Education (the Department) has identified a large number of Perkins Loans reported by schools or third-party servicers on the National Student Loan Data System (NSLDS®) that are in error. Click here to read more

On November 14, 2018 Charles E. Schumer, United States Senator for New York announced that ConServe will bring 200 new jobs to Monroe and Erie counties.  Senator Schumer said "these well-deserved jobs will be a boost for Western New York Economy.  Read the press release

On October 26, 2018 the Bureau of Consumer Financial Protection (BCFP, fka:  CFPB) issued a public statement that it expects to issue proposed rules in January 2019 regarding Payday Rule Reconsideration and Delay of Compliance Date.  Read the public statement

Bureau of Consumer Financial Protection (Bureau),  announced that Brian Johnson, who currently serves as Principal Policy Director at the Bureau, to assume the responsibilities of Acting Deputy Director.  Read the announcement

For important TCPA documentation and updates we invite you to visit ACA International® and insideARM's websites:

ACA International® - TCPA Resource Center
insideARM - Topic Page TCPA Resources

National Association of Federally-Insured Credit Unions (NAFCU) has been advocating alongside credit unions to push back on several of the lawsuits filed in recent months under the Americans With Disabilities Act (ADA) over website accessibility.  Read the article 

According to a new Financial Literacy Survey conducted for TD Ameritrade Holding Corporation (Nasdaq: AMTD), 76% of investors say the more educated they are about investing, the better they can manage their money.   Read the article 

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

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

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

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.

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