U.S. stocks closed slightly higher on Wednesday after data showed that inflation hit a four-decade high but came in largely in line with economists’ expectations. This somewhat eased fears that the Fed would have to roll back its financial stimulus more aggressively than it is being expected. All the three […]

Navient, once one of the country’s largest student loan servicing companies, reached a $1.85 billion deal with 39 states to settle claims that it had made predatory loans that saddled borrowers with crushing debts they were highly unlikely to repay. The deal, announced Thursday, requires Navient to cancel $1.7 billion […]

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