Navient settles for 1.85 billion in multi state deal
Navient agreed to cancel 1.7 billion in debt for more than 66 000 borrowers and pay 142.5 million in penalties to settle allegations of abusive lending practices. The agreement with 39 states including Ohio and Pennsylvania officials forgives tens of thousands of loans and requires better borrower guidance.
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Tech sell off dents indexes as inflation fears rise
Roundup of Wall Street declines shows the S&P 500 down 1.4 percent Nasdaq off 2.5 percent and the Dow 0.5 percent as investors weigh earnings, rising wholesale prices at 9.7 percent for 2021, and inflation ahead of Fed rate moves. Strong tech tone and Omicron risk weigh on markets and outlook.
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