«When student loan borrowers make a mistake, companies hold them accountable with immediate penalties and negative credit reporting,» said Rohit Chopra, a senior fellow at the Consumer Federation of America, who has worked with the CFPB and the Department of Education. (fortune.com)
But even if banks don't charge immediate penalties to late payers, they're still benefiting from loans that are growing on their books. (creditcards.com)
The absence of a point system, however, indicates that specific RI traffic violations may result in immediate penalties, including license suspensions, large fines and court fees. (dmv.com)