GENESEO – Coast Professionals Inc. hit a rough patch following the U.S. Department of Education's unexpected termination of a large contract, but now has sent a letter to the Village of Geneseo saying that their outlook is not as bad as originally thought. Coast, a national-scale student loan collection agency, said in letters to the Village of Geneseo in March that the contract termination, an action for which Coast sued the Department of … [Read more...]
Roller Coaster Outlook Causes Layoffs for Coast Collections
GENESEO — Coast Professional Inc., a Louisiana-based loan collection agency which in December 2014 announced that it is expanding and increasing their work force, has now taken a sharp turn in their outlook and says they will be laying off 172 employees at their Geneseo facility. During the Livingston County Industrial Development Agency Meeting in December, Coast representatives proudly informed the committee of their growth and potential new … [Read more...]