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Conduent merges with acs

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Conduent's student loans business is no longer in operation. All Conduent student loans that were previously serviced have been transferred to other services. What does all of this mean for the borrowers with whom Conduent previously worked? Borrowers should proceed in one of two ways depending on their type of loans.

It must make restitution to any affected borrowers. Contact your new student loan servicer and discuss the matter with them if you believe this applies to you but your loans were not adjusted. You might also want to check on your loan balance, review your previous payments, and request a free copy of your credit report to ensure that it is accurate. Federal Student Aid. Consumer Financial Protection Bureau.

In This Article View All. In This Article. Definition and Examples of Conduent Ownership. How the Termination of Conduent Loans Worked. The CFPB ordered the company to correct unfair loan servicing practices by adjusting principal balances and repaying affected borrowers.

Contact your lending institution or look up your loan information on the Federal Student Aid website if you had your student loans serviced through Conduent. This will tell you where your loans have been transferred. Note Xerox shed several business interests in and created the publicly traded company Conduent Incorporated.

Was this page helpful? Thanks for your feedback! Xerox created Conduent when it spun off its business services division in ACS was known for creating electronic toll collection systems and photo traffic enforcement solutions prior to being owned by Xerox.

Conduent has said it is evaluating all of the assets it inherited when it split from Xerox, with the goal of creating a leaner organization that's more targeted to their core operations. The Florham Park, N. The company recently announced that it was selling the non-core consulting and actuarial segment once known as Buck Consultants to H.

Capital, a global private equity company with offices in Miami, Boston and New York. In a statement, Conduent said that after that sale it will be focused on digital business platforms, as well as retaining Human Resources Outsourcing, Total Benefits Outsourcing, BenefitWallet and RightOpt.

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May 1, WASHINGTON, D.C. The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Conduent Education Services, LLC (CES), a student loan . We support health and social services programs across federal, state and local government to: Streamline access to social and/or healthcare services. Ensure children receive the support Missing: acs. Jan 3, Basking Ridge, N.J. Conduent Incorporated (NYSE: CNDT) has completed its separation from Xerox (NYSE: XRX) and is now an independent public company trading on Missing: acs.