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Cross-Servicing program

Coverage of Cross-Servicing program in the Nexus archive.

Earliest in view: Jun 6 · 10:00 UTCMost recent: Jun 6 · 10:00 UTC
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  • POLITICSJun 6 · 10:00 UTCBUSINESS INSIDER
    Millions of student-loan borrowers risk facing debt collectors who were penalized for 'misleading' behavior

    Private companies Pioneer Credit Recovery and Transworld Systems, previously penalized for misleading student-loan collection practices, may resume collecting defaulted loans under a Trump-era transfer to the Treasury Department. This move could increase collection fees and repayment challenges for over 10 million borrowers in default or delinquency, as concerns about predatory tactics resurface.