Crisis in student loan servicing is building
While there are inherent differences between student loan and mortgage servicing, recent claims against the largest student loan servicer echo the mortgage debacle. ... Read full article
News Topic: Enforcement
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Wells Fargo tries to escape from scandal with ad campaign
The lender will begin an ad campaign in mid-April with the tag line "Building Better Every Day," company employees were told Tuesday. ... Read full article
Obama’s fair lending policy was no overreach
A rollback of fair lending enforcement activity undertaken by the previous administration would deny justice to millions of families that are subjected to discriminatory practices. ... Read full article
Citi agrees to $5.4M fine to settle currency collusion case
Citigroup agreed to pay a penalty of almost $5.4 million to settle a South African antitrust investigation that said it participated in an alleged cartel to manipulate the value of the rand. ... Read full article
Greenberg admits aiding bogus deals at AIG, settling Spitzer-era case
The settlement resolves a bitter, pre-crisis court fight in which Hank Greenberg squared off against three successive New York attorneys general over 11 years. ... Read full article
CFPB suit against Navient followed apparent 'ultimatum'
The Consumer Financial Protection Bureau and two states on Wednesday sued the nation's largest student loan servicer, Navient, for allegedly systematic failures in processing loan payments and failing to enroll borrowers in less expensive repayment ... Read full article
Sessions would enforce federal pot laws, may end choke point
Attorney General-designate Sen. Jeff Sessions R-Ala., could pose a roadblock for marijuana businesses seeking financial services, but might also end a controversial Justice Department program targeting payment processors and financial institutions. ... Read full article