Earnest, a FinTech startup with hopes of creating a modern financial institution, is selling to student-loan giant Navient for $155 million in cash. According to TechCrunch, the news is a disappointment for Earnest’s investors, who sunk roughly $320 million in cash and debt into the company....
Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. The CFPB has reportedly announced some 21 enforcement actions in 2017, one-third of which have...
With over $1.3 trillion owed in just the United States alone, student debt is likely one of the largest pieces of financial stress weighing on the country. With U.S. authorities reporting one in four of the 44 million student debtors defaulting or struggling to keep...
Navient, the nation’s largest student loan servicer, has touted that it wants to help American borrowers, but based on a recent filing, the company is warning that it isn’t acting in the interest of consumers. According to a report in Bloomberg News, Navient said, in a motion to...
January 20, 2017
London's bridge (to the EU) is falling down, but perhaps not completely. And lest you think Brexit is the biggest Fizzle of them all, think about the hot water Navient must navigate, having fleeced student loan borrowers. But if you're commuting to work, at least with Uber, you'll have some sizzle left in the wallet for coffee.
October 05, 2023
Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration’s efforts to cancel some of that debt. The four stocks most closely linked to student loans include SoFi Technologies, which specializes in refinancing student loans, as […]
October 06, 2017
Earnest, a FinTech startup with hopes of creating a modern financial institution, is selling to student-loan giant Navient for $155 million in cash. According to TechCrunch, the news is a disappointment...
May 08, 2017
Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal....
April 20, 2017
With over $1.3 trillion owed in just the United States alone, student debt is likely one of the largest pieces of financial stress weighing on the country. With U.S. authorities...
