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Navient Reaches $120 Million Student Loan Settlement With Consumer Watchdog
Posted inConsumer Financial Protection Bureau Personal Finances Regulation and Deregulation of Industry Student Loans

Navient Reaches $120 Million Student Loan Settlement With Consumer Watchdog

The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty.
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Posted by By Tara Siegel Bernard
Where Does Biden’s Student Loan Debt Plan Stand? Here’s What to Know.
Posted inBiden, Joseph R Jr Colleges and Universities Consumer Financial Protection Bureau Education Department (US) Federal Aid (US) Student Loans Supreme Court (US) United States Politics and Government

Where Does Biden’s Student Loan Debt Plan Stand? Here’s What to Know.

The Supreme Court refused to allow a key part of President Biden’s student debt plan to move forward. Here’s what’s left of it, and who could still benefit.
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Posted by By Zach Montague
Consumer Protection Agency Cracks Down on Seller-Backed Home Sales
Posted inConsumer Financial Protection Bureau Consumer Protection Mortgages Real Estate and Housing (Residential) Regulation and Deregulation of Industry Subprime Mortgage Crisis

Consumer Protection Agency Cracks Down on Seller-Backed Home Sales

Risky contract-to-deed home sales are subject to the same protections as mortgaged-financed homes, the consumer protection agency said.
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Posted by By Matthew Goldstein
What to Know About Online Paycheck Advances and Why They Face Scrutiny
Posted inChopra, Rohit Consumer Financial Protection Bureau Content Type: Service Mobile Applications Payday Loans Personal Finances Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry Wages and Salaries

What to Know About Online Paycheck Advances and Why They Face Scrutiny

The Consumer Financial Protection Bureau has proposed a rule that would treat the offerings as loans, requiring the providers to disclose their charges as interest rates.
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Posted by By Ann Carrns

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