A scheduling teleconference was held last week in the case of FMS Investment Corp. (FMS) v. The United States (Department of Education, or ED), in what we’ve dubbed Chapter 6 in the years-long quest for a contract for private collection agency (PCA) services for federal student loans in default. The transcript of this 24-minute discussion revealed a head-shakingly unbelievable exchange between the Court and the attorneys for the parties.
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