Consumer lending

President Joe Biden plans to extend a freeze on federal student-loan repayments until at least the end of September, keeping in place a pandemic measure that’s reduced costs for tens of millions of borrowers.

Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed.

A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.

To help taxpayers struggling with the pandemic, the service will suspend most collection activities.

Invoiced users can now transfer overdue invoices to CollBox as a next step, pushing the debt to vetted collections agencies.

A group of Democratic lawmakers, led by presidential candidate Sen. Elizabeth Warren, D-Mass., has written a letter to Internal Revenue Service commissioner Chuck Rettig asking him to enforce a recent law.

The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.

The service is offering a direct debit payment option to allow taxpayers to pay off their tax debts.

French lessons; our tax system, by the numbers; return of the 1099-NEC; and other highlights from our favorite tax bloggers.

Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans.

Democratic presidential hopeful Bernie Sanders will propose canceling the nation’s outstanding $1.6 trillion of student debt and offsetting the cost with a tax on Wall Street transactions.

A new program requiring the IRS to hire collection agencies is falling far short of its goals and putting taxpayers at risk of falling prey to scammers.

The private firms that contract with the Internal Revenue Service to collect overdue tax debts fell short, according to a new TIGTA report.

As tuition costs continue to rise and loan debt becomes a growing burden, more students are choosing credentials like the CMA.

The Internal Revenue Service has issued a private letter ruling allowing an unnamed employer to make 401(k) contributions on behalf of employees who are repaying their student loans.

The private debt collection agencies that have contracted with the Internal Revenue Service to help collect overdue tax receivables have some security vulnerabilities, according to a new government report.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

The Internal Revenue Service will be bringing back its IRS Data Retrieval Tool on October 1 for people applying for federal student aid.

Sen. Chuck Grassley, R-Iowa, and a group of 14 other senators from both parties are asking the Internal Revenue Service and the Treasury Department to clarify their rules to enable more lenders to refinance student loans.

Security concerns could keep the data tool down for weeks.