Sopa Images | Lightrocket | Getty Images Student loan giant Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with student loan borrowers, the company tells CNBC. The CFPB sued Navient in 2017 for misleading borrowers and providing them with bad information, causing many to pay more than they needed … Read more
The Biden administration is trying to rein in what it says are unnecessarily high credit card late fees, putting in place a new consumer protection rule it says will lower them. “For over a decade, credit card giants have been exploiting a loophole to harvest billions of dollars in junk fees from American consumers,” Rohit … Read more
Olga Rolenko | Moment | Getty Images The nation’s largest credit card companies typically charge higher interest rates than small banks and credit unions â and switching may save the average cardholder hundreds of dollars a year, according to an analysis issued Friday by the Consumer Financial Protection Bureau. However, some consumers, depending on their … Read more
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