February 20, 2026

Payouts up to $2,000 automatically hitting bank accounts now from $120m loan settlement

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BORROWERS are beginning to see automatic settlement checks worth up to $2,000 hit their mailboxes. The one-time payments stem from a $120 million student loan settlement between the Consumer Financial Protection Bureau and Navient, previously one of the largest student loan servicers in the US. Under the Biden administration, the CFPB - a federal agency that...

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