CFPB sues Navient for alleged student loan violations
The Consumer Financial Protection Bureau filed a lawsuit against Navient Corp accusing the nation’s largest student loan servicer of cheating borrowers. The bureau says Navient provided inaccurate information ignored complaints and processed payments incorrectly harming both private and federal loan borrowers.
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Federal Consumer Agency
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Sallie Mae
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Fed to raise rates gradually through 2019 says Yellen
Fed Chair Janet Yellen said the central bank will raise rates several times a year through 2019 as it moves toward maximum employment and 2 percent inflation. She cautioned the timing and pace depend on economic data and noted rates now range 0.5 to 0.75 percent with a neutral target near 3 percent by 2019 end.
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Stocks stay on hold as market shows muted gains
The S P 500 stabilizes after nine days with less than 0.4 percent moves, a record streak since 2013. Dow dips while Nasdaq rises. investors await President-elect Trump’s policy shifts and Friday oath as tax and regulation expectations loom. Katie Nixon of Northern Trust weighs in on the calm phase after a strong post election rally.
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Shiloh
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Keycorp
At&t Inc
KindMorg
AMD
Kinross G
Lowes
Amber
Apple Inc
Mallinckdt
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Microsoft
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American Airlines rolls out no frills basic economy fares
American Airlines says it will offer a no frills basic economy fare in 10 markets starting in February with plans to expand later. The move targets ultra low cost rivals Spirit and Frontier and appeals to price focused travelers while limiting carry on bags and seat selection.
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American
Spirit
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Robert Isom
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