CFPB official whose racist writings stirred ire resigns

A Trump administration appointee at the Consumer Financial Protection Bureau who came under fire after racist comments he wrote years ago resurfaced is leaving the agency. Eric Blankenstein was appointed in 2018 as CFPB's director for supervision, enforcement and fair lending. It was the last part of his title that became a source of controversy after left-leaning activist groups uncovered […]

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CFPB wants to roll back Obama-era restrictions on payday loans

A federal banking agency said it’s angling to roll back looming restrictions on high-interest payday loans that were slated to take effect in August. The Wednesday proposal by the Consumer Financial Protection Bureau would nix a requirement, proposed in 2017 by the Obama administration, that payday lenders vet whether borrowers have enough money to pay back their loans before fronting […]

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Teachers union sues student loan giant Navient

The American Federation of Teachers filed a lawsuit Wednesday against Navient, one of the country’s largest student loan servicing companies, alleging that it failed to guide eligible borrowers through a critical student loan forgiveness program. At the center of the lawsuit, brought by nine teachers financially backed by the country’s biggest teachers union, is the Public Service Loan Forgiveness program. […]

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