STUDENT LOAN PROCESSOR NAVIENT HAS REPORTEDLY REACHED A DEAL WITH AT LEAST 40 STATES TO SETTLE CLAIMS OF PREDATORY LENDING FOR DEBTS THAT WERE UNLIKELY TO BE PAID BACK. — Student loan processor Navient is set to cancel nearly $2 billion in debt in an agreement with 40 state attorneys general as the Wall Street Journal reports.
As the New York Times reports, the deal also forces Navient to settle claims totaling $1.85 billion with 39 states to settle predatory student loan claims for borrowers who were said to be highly unlikely to be able to pay back the debt.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Signed Tom Brady Rookie Card Could Fetch Up to $2 Million at AuctionNumbered 99/100, the signed 2000 Championship Ticket card was given an 8.5 grade by a top authenticator.
Source: RobbReport - 🏆 309. / 63 Read more »
Indianapolis responds with silence to FedEx shooting victims request for $2.1M in compensationThe City of Indianapolis has responded with silence to a request for millions of dollars of compensation by victims of last year's FedEx mass shooting in Indianapolis, narrowing their chances of a payout. Why would the city respond? It's not their burden... Hope the victims and their supporters get loud and don't let the city seep this under the rug
Source: YahooNews - 🏆 380. / 59 Read more »
Amtrak pays $2.25M to passengers with disabilities over access problems at 78 train stationsAmtrak is required to make 135 train stations accessible as part of a settlement, per the DOJ. It has got to be cheaper to fix the stations. Call Secretary Pete he will fix the problem. US House TransportDems need to push for & assure fixes to inferior Amtrak stations, by 1) using TransportDems members in hubs DC NYC & Chicago most likely to benefit from quality transport, 2) have them recruit their hub governors & mayors & DOTs, 3) push fixes nationwide!
Source: axios - 🏆 302. / 63 Read more »
Vail Resorts announces $2-an-hour bonus to combat labor shortages at resorts like Boston Mills & BrandywineWorkers at the short-staffed Brandywine and Boston Mills ski resorts, and at Vail Resorts across the country, will now get a $2-an-hour bonus if they work the full season. The new Biden America Won’t go there anyway with their stupid Covid vax rule
Source: clevelanddotcom - 🏆 301. / 63 Read more »
Navient agrees to $1.7 billion student loan settlementNavient agreed to pay nearly $2 billion to settle claims by 38 states and the District of Columbia it deceived thousands of borrows into costly, long-term, forbearance plans that caused students to pay more than they should have. The collectors get what's called a complete every time they enroll someone in that sham program. After 20 or so per month they get a bonus check which ain't bad. It's not their fault though. The companies that collect on it push for it so they can keep the contract
Source: ABC - 🏆 471. / 51 Read more »