Op risk data: Pandemic paradox of low, low losses

Also: Navient gets schooled for scam; Amex holiday let-down; BNL’s Italian Job hit. Data by ORX News

orx-lowest-losses-1213712504.jpg

February’s largest loss fell to student loan company Navient, which was ordered to repay $22.3 million after being found to have overcharged the government for student loan subsidies.

A US Department of Education (DoE) audit in 2009 found that Navient – which at the time was the loan-servicing operation of Sallie Mae (SLM Corporation) – had collected overpayments from two separate loan bond funds of special allowance payments on loans funded by tax-exempt obligations that had matured.

In the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: