Just last month federal regulators announced that an ongoing probe into potentially unscrupulous student loan-servicing practices resulted in nearly $18.5 million in refunds and fines from Discover Bank. Now, regulators appear to have Citigroup in their crosshairs, as the financial company announced it was party to an investigation. [More]
As federal regulators continue to probe potentially unscrupulous student loan servicing practices, the Consumer Financial Protection Bureau has ordered Discover Bank and its affiliates to pay nearly $18.5 million in refunds and fines for, among other things, overstating amounts due on student loans and failing to notify borrowers of their rights. [More]
There’s no guarantee that spending tens of thousands – or even hundreds of thousands – of dollars on higher education will pay off with a job in your preferred field. But instead of leaving graduates buried under piles of student loan debt and wondering why they wanted to practice law in the first place, one New York law school is putting its money where its mouth is, offering to repay portions of graduates’ tuition if they can’t find employment. [More]
After more than 2,000 Starbucks workers headed to college through the company’s tuition reimbursement program with Arizona State University, the mega-coffee company announced it wouldn’t leave those student high-and-dry after just two years. Now, the company plans to expand the offering to cover a full four years of tuition at the college for eligible employees. [More]
Current and former owners of nearly 350,000 Nissan vehicles could be on the receiving end of a reimbursement check after the car company agreed to settle a class-action lawsuit involving vehicle defects that caused brakes to suddenly fail. [More]
United may be trying out a new revenue idea: the don’t-set-my-bags-ablaze fee. Shannon Tadel’s luggage was incinerated as she boarded a plane in Syracuse, NY on December 1st, 2008. The cool thing about this sort of story is she got to see the inside of a cockpit! The not so cool part is what happened next:
If you’re a student and think Aetna underpaid the reimbursement for your out-of-network care, you may have some money coming to you. The insurer has settled for $5 million plus interest and penalties.
Though it probably couldn’t be farther from their minds, at some point after many hugs and hot chocolates, the passengers of U.S. Airways flight 1549 are going to wonder what happens next to their baggage.
Greyhound ditched reader Austin at a Philadelphia rest stop on the way from Chicago to New York. During the previous stops, the driver clearly announced that the bus was about to depart. This apparently wasn’t necessary in Philadelphia, even though Greyhound ordered off all the passengers so the bus could be cleaned and refueled. After thirty minutes, Austin quickly dashed into the bathroom. When he returned, the bus had disappeared with his bag. Now, Greyhound’s executive office is refusing to talk to Austin, or provide any compensation for his missing bag.