Similar Stories to Data Breach Compromises Information Of 3.3 Million Student-loan Borrowers on Bing News

ECMC Group Inc., a student-loan guarantee agency in Minnesota, acknowledged on Friday a data breach in which the personal information of 3.3 million borrowers, including their Social Security numbers, was compromised. Guarantee agencies such as ECMC are the private entities that, under the U.S. government's system of federally subsidized student loans, collect government money and then turn around and pay it to private loan companies when borrowers default on their student loans.

BING NEWS:
  • Navient banned from federal student loan servicing, will pay borrowers $100 million in compensation.
    Navient is barred from federal student loan servicing and has to pay $120 million in fines and compensation to the borrowers harmed by its practices, according to a proposed settlement with the ...
    09/13/2024 - 5:18 am | View Link
  • Student Loan Borrowers Could Get $100 Million From Navient In Landmark Settlement — Key Details
    If approved by a court, the agreement with Navient could result in $100 million in monetary compensation for student loan borrowers.
    09/13/2024 - 3:35 am | View Link
  • Navient reaches $120 million settlement for misleading student loan borrowers
    According to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.
    09/12/2024 - 10:00 am | View Link
  • Student loan servicer Navient reaches $120 million settlement
    Navient, one of the nation’s largest student loan companies, will pay $120 million to resolve allegations that it misallocated payments, steered people into costly repayment plans, supplied the wrong ...
    09/12/2024 - 4:15 am | View Link
  • Navient reaches $120 million settlement with CFPB for misleading student loan borrowers
    Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with student loan borrowers, the company tells CNBC. The CFPB sued Navient in 2017 for ...
    09/12/2024 - 1:42 am | View Link
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