The Government Accountability Office confirmed that the Department of Education stopped checking student loan servicer accuracy after cutting 46% of its staff. Four of five servicers were already failing.
A March 2026 GAO report reveals the Education Department stopped quarterly reviews of student loan servicer accuracy in February 2025 — as FSA cut staff by 46%. Four of five servicers had already failed standards. With 43 million borrowers affected and major repayment changes in July 2026, here’s what you need to know.
Debt settlement companies claimed 85–100% success rates to undercover government investigators. Federal and state agencies documented actual rates often in the single digits. Here is what the research shows before you enroll.
The GAO confirmed the CFPB is being cut by roughly 88%, from 1,700 employees to 200, with 42 active enforcement cases dropped. The complaint portal is still open — but your state AG is now your primary line of defense.
Quick Answer: Web Credit Advisors disputed GAO findings after being caught in an undercover investigation claiming they help “100 percent” of clients eliminate debt in under 3 years with “zero unresolved complaints.” The company called the April 2010 GAO debt settlement report inaccurate and unverifiable despite being featured in Senate hearing audio recordings.The folks over …
Quick Answer: A GAO report found that debt settlement companies frequently engage in fraud, with investigators discovering companies claiming 100% success rates when the actual industry average is less than 10%. The Senate hearing revealed widespread deceptive practices including upfront fees and advising current customers to stop credit card payments.Reuters covered the hearing yesterday and …
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