US bans Navient from servicing federal student loans
CNN
A federal regulator said Thursday that it is banning Navient from servicing federal student loans and ordering the company to pay $120 million.
A federal regulator said Thursday that it is banning Navient from servicing federal student loans and ordering the company to pay $120 million. The agreement settles a lawsuit brought by the Consumer Financial Protection Bureau in 2017, which claimed the company misled student loan borrowers and processed their payments incorrectly. At the time, Navient – which was previously spun off from servicer Sallie Mae – was one of the biggest companies contracted by the Department of Education to service federal student loans. The embattled loan servicer gave up its contract with the government and its 6 million federal student loan accounts in 2021, after facing a number of other legal and enforcement actions. Navient agreed in 2022 to a $1.85 billion settlement with several state attorneys general that claimed the company engaged in unfair practices. Previously, in 2014, the Department of Justice and the Federal Deposit Insurance Corporation ordered Navient and Sallie Mae to pay a total of almost $100 million for illegally overcharging nearly 78,000 military service members. As a result of the new settlement announced Thursday, $100 million will go to impacted borrowers, who can expect to receive a check from the CFPB. Eligible borrowers are not required to take any action. Navient will also pay a $20 million fine to the federal agency.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
In the first national tragedy of his second term in the White House, President Donald Trump wasted no time Thursday baselessly blaming Democrats and diversity initiatives in the federal government for the midair collision that killed 67 people over the Potomac River.
Mexico’s President Claudia Sheinbaum sent a letter to Google contesting the tech giant’s decision to comply with US President Donald Trump’s order to rename the Gulf of Mexico as the Gulf of America.
The midair collision at Reagan National Airport on Wednesday night has presented Sean Duffy with a major crisis just hours after he was sworn in as secretary of transportation.
Six months ago Francisco Fortín was attacked by gangs wielding machetes in his home country of Honduras, he said, an act of violence that cemented a decision to quit his impoverished and trouble-plagued homeland.
One of the people on Kash Patel’s list of “corrupt actors” from the “deep state” is taking the drastic step of moving their family before Patel’s potential confirmation to lead the FBI.
Hundreds of first responders are diving in frigid water looking for survivors after a passenger plane collided with a US Army helicopter midair at Reagan National Airport near Washington, DC, Wednesday.
A passenger jet collided with a Black Hawk helicopter midair as the flight was approaching Ronald Reagan Washington National Airport in Washington, DC, Wednesday night, the Federal Aviation Administration said in a statement.
President Donald Trump signed two executive orders on school funding Wednesday that fulfill promises he made on the campaign trail, including on school choice and ending funding for schools that support what the White House calls “radical indoctrination.”
A suspected member of the Venezuelan gang Tren de Aragua who was wanted in connection to charges out of Aurora, Colorado, was arrested during a federal immigration crackdown in New York City on Tuesday morning.
Senate Democrats grilled Robert F. Kennedy Jr. over his various controversial statements including his stance on vaccines during his confirmation hearing to be President Donald Trump’s health and human services secretary, and most left feeling overwhelmingly unsatisfied by the answers they received.
President Donald Trump on Wednesday said he will sign an executive action ordering the federal government to prepare the US Naval base at Guantanamo Bay, Cuba, to house tens of thousands of migrants.
The White House Office of Management and Budget has rescinded the federal aid freeze, according to a memo from a Trump administration official obtained by CNN.
A Nigerian man has been extradited to the US to face charges in the “sextortion” of a South Carolina teen who died by suicide in 2022. Prosecutors allege the scammer posed as a young woman, persuaded 17-year-old Gavin Guffey to send him nude photos and then threatened to publicize them if Guffey didn’t send money.
President Donald Trump’s administration is ending the case against his former co-defendants in the classified documents investigation brought by former special counsel Jack Smith.
As a federal judge temporarily blocks part of the Trump administration’s pausing of federal grants and loans Tuesday, a slew of advocacy groups, charities, foreign aid and public health programs are decrying a potential upending of American lives on an unprecedented scale.
A grad student in Texas is part of a group of pregnant mothers suing the Trump administration, arguing the recent executive order on birthright citizenship violates the Constitution.
Former Democratic Sen. Bob Menendez could face more than a decade in prison when he is sentenced Wednesday for taking cash, a Mercedes Benz and gold bars as bribes in exchange for helping three New Jersey businessmen and the government of Egypt.
A US Air Force pilot safely escaped after an F-35 fighter jet crashed during a training mission at Eielson Air Force Base in Alaska on Tuesday, officials said.