Tag Archives: Richard Cordray

PHEAA Announces Exit From Servicing Federal Student Loans

The Pennsylvania Higher Education Assistance Agency, one of the largest student loan servicers in the country, announced yesterday that it will stop servicing federal student loans by the end of this year, citing the increasing complexity and cost of handling loans on behalf of the Department of Education. The announcement …

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Cordray Signs Off on Policy Making it Easier for Student Loan Companies, Collectors to be Investigated

Richard Cordray, the new head of the federal government’s student loan program, on Friday announced that the Education Department was reversing a policy that was put in place during the Trump Administration which blocked state and federal regulators from accessing records needed to investigate student loan lenders, servicers, and private …

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Cordray Tapped to Run Federal Student Loan Program

A familiar name is coming back to help regulate the accounts receivable management industry. Yesterday, it was announced that Richard Cordray — the former director of the Consumer Financial Protection Bureau — has been hired as the Chief Operating Office of the Department of Education’s Federal Student Aid, which oversees …

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Biden Names Temporary Picks to Lead CFPB, FCC, FTC

President Joe Biden named temporary heads to the three major government agencies regulating the accounts receivable management industry — the Consumer Financial Protection Bureau, the Federal Communications Commission, and the Federal Trade Commission. Dave Uejio, the CFPB’s chief strategy officer will be acting director until Rohit Chopra is confirmed by …

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