Navient fined $120M, banned from federal mortgage servicing

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The Shopper Monetary Safety Bureau, led by director Rohit Chopra, this week reached a settlement with Navient after a seven-year authorized combat over the corporate’s scholar mortgage administration practices. Photo illustration by Justin Morrison/Inside Increased Ed | David Ake and Michael A. McCoy/Getty Photographs Navient, an embattled scholar mortgage supplier, pays again $100 million to scholar…

Choose rejects spiritual discrimination declare on pandemic mortgage

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Gordon Faculty might be pressured to repay a $7 million Paycheck Safety Program mortgage issued throughout the coronavirus pandemic after a decide largely rejected arguments that it ought to be eligible for mortgage forgiveness and was going through spiritual discrimination, Christianity At present reported. Gordon, a non-public, evangelical establishment situated exterior Boston, obtained a PPP mortgage…