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

CLOs

U.S. CLO sales reach nearly $185 billion to surpass record

Yield-hungry insurers, banks and exchange-traded funds fueled demand this year while a wave of redemptions crimped net supply.

By Charles Williams and Immanual John Milton

November 22
Real estate investments

Real estate investors pull back on home buying in Q3

Investors bought 15.9% of U.S. homes sold in Q3, according to Redfin, a level similar to 2018 and 2019, when the share was around 14%.

By Maria Volkova

November 22
Consumer lending

Upgrade Receivables raises $299 million on unsecured consumer loans

Initially, the notes benefit from a reserve fund that equals 0.50% of the pool balance; overcollateralization, which represents 10.60% of the pool balance; and subordination.

By Donna M. Mitchell

November 22