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Ernst & Young Fined $100 Million Amid Employee Cheating Scandal

Investing News, Market News, The Market Buzz

Ernst & Young, one of the world’s top accounting firms, has been fined USD100 Million by the SEC after its employees were found to have cheated on their ethics exams. The company is accused of withholding evidence of the misconduct from the federal authorities that had been looking into the matter. “This action involves breaches …

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Navient Reaches Settlement Regarding Student Loan Practices

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Navient Corp (NASDAQ: NAVI), a U.S. student loan company, has reached a USD1.85 Billion settlement with most U.S. states in order to resolve allegations it made predatory student loans and pushed borrowers into costly repayment plans. The company is set to cancel almost USD2 Billion in debt amid the deal. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”NAVI” …

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