CFPB Says Navient "Illegally Failed" Borrowers

January 18, 2017 3:30 PM

1:28

The Consumer Finance Protection Bureau is suing the nations largest student loan servicer, Navient, for illegally failing borrowers.

TRENDING

Federal Reserve

Summers says Fed policy on 'loose side,' inflation top issue

The pressure from President Donald Trump and his allies on the Fed to slash interest rates underscores the need to retain credibility on fighting inflation, the former Treasury chief added.

By Christopher Anstey

2h ago
Bank stocks

Bank stocks rise on Fed's first rate cut of 2025

The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.

By Allissa Kline

September 17
Mortgage rates

Fed cuts but only some mortgage rates are moving lower

Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.

By Bonnie Sinnock

September 17