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Beyond the ban of servicing direct federal loans, the CPFB's purchase would also bar Navient from obtaining a lot of People FFEL loans, that are federally-backed personal loans distributed by way of a method that led to 2010. Borrowers should still have These types of loans when they attended college in advance of then.
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The agency also discovered that the truck was not working on considered one of Tesla's partly automated driving programs at time in the crash, the report stated. The systems weren't operational and “could not be engaged,” according to the agency.
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Beneath conditions on the Thursday get, which Navient agreed to devoid of admitting any wrongdoing, the Virginia-based mostly financial solutions firm would even have to pay a $20 million penalty and provide A different $100 million in relief to impacted borrowers.
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