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Elizabeth Warren says the government should fire student loan servicer Navient, which should fire its CEO

24 days ago   |   By Business Insider

Summary List Placement Navient CEO John Remondi was at Sen. Elizabeth Warren of Massachusetts' first hearing on student debt relief. Warren told Remondi that he should be fired for misleading student loan borrowers, but that wasn't all.
"The federal government should absolutely fire Navient, and because this happened under your leadership, Navient should fire you," Warren told Remondi during the hearing.
The federal government should absolutely fire Navient for illegally overcharging the government and trapping students in a rigged game. And because this happened under his leadership...
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Elizabeth Warren is holding her first hearing on student debt cancelation. Here's what to expect

Elizabeth Warren is holding her first hearing on student debt cancelation. Here's what to expect

24 days ago   |   By Business Insider

Summary List Placement In her first hearing as Chair of the Senate Banking Committee's Subcommittee on Economic Policy, Sen. Elizabeth Warren of Massachusetts will address the impact of student debt on racial justice, borrowers, and the economy.
On Tuesday, 11 witnesses , including Rep. Ayanna Pressley of Massachusetts and the CEO of student-loan servicer Navient, John Remondi, will testify at a hearing on the burden of the $1.7 trillion student debt crisis in the country. This will be Warren's first official hearing on the topic, and it will likely amplify her previous calls on President...
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Dow, S&P 500 close at record highs after dismal jobs report gives Fed more...

Dow, S&P 500 close at record highs after dismal jobs report gives Fed more breathing room

Summary List Placement The Dow Jones and S&P 500 closed at record highs on Friday after a weak April jobs report gave the Federal Reserve breathing room to continue with its... Read more ...

The WHO is granting emergency use of China's Sinopharm COVID-19 vaccine

The WHO is granting emergency use of China's Sinopharm COVID-19 vaccine

Summary List Placement A World Health Organization panel has authorized the emergency use of a COVID-19 vaccine made by China's Sinopharm. The vaccine was developed by... Read more ...

Why the horrid April jobs report was actually great news for stocks

Why the horrid April jobs report was actually great news for stocks

Summary List Placement The April jobs report badly missed estimates on Friday, but the stock market promptly hit record highs anyway. That's because the market is now in a... Read more ...

The Chamber of Commerce calls for an end to $300 federal unemployment...

The Chamber of Commerce calls for an end to $300 federal unemployment benefits after April's lackluster jobs report

Summary List Placement The Chamber of Commerce called for an end to the $300-per-week federal unemployment benefit on Friday, assailing it as an obstacle to the economic... Read more ...

US job growth unexpectedly softens, falling far below expectations

US job growth unexpectedly softens, falling far below expectations

Despite bullish predictions and the recovery of the US economy, job growth slowed in April compared to a month earlier, figures released by the Labor Department show. According... Read more ...

The disappointing April jobs report showed gains were mainly in leisure and...

The disappointing April jobs report showed gains were mainly in leisure and hospitality

Summary List Placement The leisure and hospitality sector was the only major industry to see a six-digit job gain between March and April. The US added just 266,000 nonfarm... Read more ...

Atlanta Mayor Keisha Lance Bottoms announces she won't run for a second term

Atlanta Mayor Keisha Lance Bottoms announces she won't run for a second term

Summary List Placement Atlanta Mayor Keisha Lance Bottoms announced she won't seek a second term on Thursday night, a decision that sent political shockwaves through the... Read more ...

Ripple's XRP sales almost doubled in the first quarter of 2021 thanks to a...

Ripple's XRP sales almost doubled in the first quarter of 2021 thanks to a surge in uptake of on-demand liquidity services

Summary List Placement Ripple said on Thursday its XRP sales almost doubled in the first quarter of 2021 compared to the last three months of last year. XRP sales rose 97% to... Read more ...

Ripple's XRP sales almost doubled in the first quarter of 2021 thanks to a...

Ripple's XRP sales almost doubled in the first quarter of 2021 thanks to a surge in uptake of on-demand liquidity services

Summary List Placement Ripple said on Thursday its XRP sales almost doubled in the first quarter of 2021 compared to the last three months of last year. XRP sales rose 97% to... Read more ...

Pfizer seeks full FDA approval of its Covid-19 vaccine

Pfizer seeks full FDA approval of its Covid-19 vaccine

Pfizer and its partner BioNTech have asked the Food and Drug Administration for full approval of their coronavirus vaccine for people ages 16 and over. The vaccine and two... Read more ...