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Navient banned from federal student loan servicing, fined $120M

The government's top consumer watchdog has banned Navient from servicing federal student loans and ordered the company to pay $120 million for allegedly defaulting on loans. The settlement announced Thursday comes nearly eight years after the Consumer Financial Protection Bureau (CFPB) sued Navient, a former division of Sallie Mae, in 2017. The CFPB accused the […]

Wall Street firms fined $390M in over text, WhatsApp messages

The SEC watchdog on Thursday levied $390 million in fines on 26 Wall Street investment firms as part of its latest crackdown on misuse of text and WhatsApp messaging. The fined firms included Ameriprise Financial, Edward Jones, LPL Financial and Raymond James, which each agreed to pay $50 million to settle the allegations. BNY’s Pershing […]

Graeme McDowell suspended, fined by LIV Golf for anti-doping violation

Former U.S. Open champion Graeme McDowell was suspended for one tournament and fined $125,000 by the Saudi Arabia-backed golf association LIV Golf on Sunday for violating the association’s anti-doping rules. According to LIV Golf, McDowell’s violation occurred at the league’s Nashville tournament in June, when the Northern Ireland native took a decongestant that contained a […]

Tour de France cyclist fined for stopping to kiss wife

French cyclist Julien Bernard has been fined for “inappropriate behaviour” during the famous Tour de France after he stopped briefly to kiss his wife and baby. The incredible moment happened just 15 minutes into the seventh stage of the famous race. As the course passed through Bernard’s home region of Burgundy, he was greeted by […]

French cyclist Julien Bernard fined for kissing wife, son during Tour de France

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