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 […]
Government tries to force Christian ministry servicing at-risk youth to remove its Christian character: suit
A Christian youth ministry has suffered financial hardship and “irreparable harm” after an Oregon government agency made critical funding contingent on hiring people who did not adhere to the nonprofit’s deeply held religious beliefs, according to court filings. 71Five Ministries, an Oregon-based Christian missionary organization, is now suffering a huge annual budget deficit because the […]