10 Education


CFPB settles with student loan servicers Discover Bank, the Student Loan Corporation, and Discover Products, Inc.


Volume 15 Number 4 Hampton University FROM PAGE 1


leadership prowess would have on the university or its faculty, staff and students. Hampton University students have achieved


great success after


graduation, including Scripps Howard School of Journalism graduate Rashida Jones, who was recently named to be the next president of MSNBC. Some of Dr. Harvey’s mentees, who have gone on to serve as administrators


at other universities,


include University of The Bahamas President and CEO Dr. Rodney D. Smith; Dr. Oscar L. Prater, former president of Fort Valley State University, Talladega College; Mid-Eastern


Athletic Conference


Commissioner Dr. Dennis E. Thomas and more than a dozen other past and present collegiate administrators. The university’s endowment


increased from $29 million to well over $300 million while Harvey served as Hampton’s twelfth president. He also oversaw the establishment of the world's largest free-standing therapy


center, where patients BY CONSUMER FINANCIAL PROTECTION BUREAU WASHINGTON, D.C. — and other material


Recently, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Discover Bank, The Student Loan Corporation, and Discover Products, Inc. (collectively, Discover) based on the Bureau’s findings that Discover violated a prior Bureau order, the Electronic Fund


Transfer Act (EFTA), and


the Consumer Financial Protection Act of 2010 (CFPA). Discover Bank, headquartered in Greenwood, Delaware, is an insured depository institution that provides and services private student loans. The Student Loan Corporation and Discover Products, Inc., are affiliates of Discover Bank, and also engage in student loan servicing. Under today’s order, Discover must pay at least $10 million in consumer redress and a $25 million civil money penalty. The Bureau


previously issued


a consent order against Discover in July 2015 (2015 Order). The Bureau’s 2015 Order was based on the Bureau’s finding that Discover misstated the minimum amounts due on billing statements as well as tax information consumers needed to get federal income tax benefits. The Bureau also found that Discover engaged in illegal debt collection


practices.


The Bureau’s 2015 Order required Discover to refund $16 million to consumers, pay a penalty, and fix its unlawful practices servicing and collection


practices. The Bureau


found that Discover violated the 2015 Order’s requirements in several ways. Discover misrepresented the minimum loan payments consumers owed, the amount of interest consumers paid,


information,


such as interest rates, payments, due dates, and the availability of rewards, among other things. Discover also did not provide all of the consumer redress the 2015 Order required. The Bureau found that Discover


engaged in unfair acts and practices by withdrawing payments from more than


17,000 consumers’ without valid for more found


by cancelling or not withdrawing payments


authorization and than


E. also that 14,000


consumers without notifying them. This conduct violated the CFPA, EFTA, and Regulation Bureau engaged


in deceptive more


Discover acts and


practices in violation of the CFPA by misrepresenting to more than 100,000 consumers the minimum payment owed and to


than 8,000


consumers the amount of interest paid. Some consumers ended up paying more than they owed, others became late or delinquent because they could not pay the overstated amount, while others may have filed inaccurate tax returns.


This order prohibits Discover from making any misrepresentations about minimum payments consumers owe, the amount of interest consumers paid, and other material servicing terms.


The order also


prohibits Discover from withdrawing loan payments from consumers’ bank accounts in amounts or at times not authorized by consumers.


at:


The consent order can be found files.consumerfinance.gov/f/


documents/cfpb_discover-bank-et- al_consent-order_2020-12.pdf


The accounts


proton can


receive treatment for various forms of cancer, including those affecting the prostate, breast, lung, ocular, pediatric, spine, head, neck and brain. Prior to leading Hampton, Dr. Harvey earned degrees from Talladega College, Virginia State University and Harvard University. Hampton,


he received WATCH: Spicy Buffalo Cauliflower 'Wings' | PETA


While at numerous


honorary degrees and awards including the Daily Press Citizen of the Year Award and the City of Hampton


ANIMALS ARE NOT OURS


Distinguished Harvey


was recently


January 2020


Citizen’s Medal. nominated


Dr. to


receive The HBCU Advocate Award for Authorship for his book, "Principles of Leadership: The Harvey Leadership Model."


When asked about the key to his


success, Dr. Harvey has stated, “The formula for any success that I have had is based on five priorities: character traits of honesty, integrity, respect, trustworthiness and good personal behavior; high standards and values; a good work ethic; service to others; and appreciating and utilizing the team approach.” Hampton University faculty, staff, students and alumni echoed those sentiments. "As a


Hampton University


alumnus and Chairman of its Board of Trustees, the growth and development that I have witnessed under Dr. Harvey’s successful leadership have been, in a word, triumphant," said Wesley Coleman. "The significance of this president’s legendary contributions to Hampton will


be celebrated for


generations. Indeed, the school is so much better off for his having served as our 12th President. Therefore, on behalf of the Board of Trustees and all of us who love Hampton, we will always be grateful to Dr. and Mrs. Harvey for the immeasurably great job that they have done for the past 43 years and will continue to do for the remainder of his tenure." Dr. Harvey certainly leaves some


of the largest shoes to fill in HBCU history.


1/4/21, 10(38 PM Healthy Recipe 3.1 (38 reviews)


to experiment on, eat, wear, use for entertainment, or abuse in any other way.


WATCH: Spicy Buffalo Cauliflower ‘Wings’


Ingredients WATCH: Spicy Buffalo Cauliflower 'Wings' | PETA


1 cup water or soy milk 1 cup flour (any kind will work—even gluten-free!) 2 tsp. garlic powder 1 head of cauliflower, chopped into pieces


https://www.peta.org/recipes/spicy-buffalo-cauliflower-wings/


1 cup buffalo or hot sauce 1 Tbsp. vegetable oil or melted vegan butter


Instructions 1. Preheat the oven to 450°F.


College Scholarships from A-Z TheHBCUAdvocate.com


2. Combine the water or soy milk, flour, and garlic powder in a bowl and stir until well combined.


3. Coat the cauliflower pieces with the flour mixture and place in a shallow baking dish. Bake for 18 minutes.


4. While the cauliflower is baking, combine your buffalo sauce and olive oil or margarine in a small bowl.


5. Pour the hot sauce mixture over the baked cauliflower and continue baking for an additional 5 to 8 minutes.


6. Serve alongside vegan blue cheese dressing (http://www.grouprecipes.com/42094/favorite- vegan-blue-cheese-dressing.html) and celery sticks.


Makes 4 servings


1/4/21, 10(38 PM


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