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Last week, the U.S. Department of Education made important announcements regarding oversight of "third-party servicers" and enforcement of its incentive compensation rule.

United statesThompson coburnUs department of educationServices softwareDear colleague letterColleague lettersDear colleagueApplication relatedRecord maintenanceLower tier contractorEducation actCompensation banIncentive compensationIncentive compensation banEd issues significant third party servicer guidance and launches review of incentive compensation ruleConsumer protection