The government’s top consumer watchdog is banning Navient from federal student loan servicing and ordering the company to pay $120 million for alleged lending failures. The settlement announced ...

Taylor Medine is a staff writer at Forbes Advisor who demystifies complex money topics to help everyday people make more informed financial decisions. Over her nearly a decade of experience, Taylor's ...

In a consent order with a reverse mortgage servicer on June 18, 2024, the Consumer Financial Protection Bureau (CFPB) made the argument that failing to effectively service loans is abusive. The ...

(Gray News) - Embattled loan servicer Navient has been banned from servicing federal student loans and must pay out millions of dollars as part of a new settlement. The agreement settles a lawsuit ...

Navient faces a ban from servicing federal student loans after the Virginia-based financial services company settled a lawsuit with the Consumer Financial Protection Bureau (CFPB) for $120 million.

・Multiple state attorneys general and regulators are allegedly investigating MOHELA over loan servicing failures. ・States have expanded enforcement efforts, adopting borrower protection laws and ...

Five companies have won spots on a potential 10-year, $16 billion contract to support loan servicing requirements under the Department of Education’s federal student aid program, according to award ...

Deal follows February announcement of acquisition of Rushmore parent, Roosevelt Management Co. Rushmore Loan Management Services LLC, a mortgage servicer based in Irvine, Calif., announced Wednesday ...

Social media memes and motivational merchandise are everywhere nowadays in business, sports and beyond with the simple phrase: Do your job. Vervent reiterated this week that the payment servicing ...