CFPB Bans Navient

Navient Is Banned From Federal Student Loan Servicing. CFPB Forces Them To Compensate Borrowers For $100 Million  Navient is banned from federal student loan servicing. The CFPB has also ordered the company to pay $120 million in fines and compensation to the borrowers. The SCPB made the announcement on Thursday. It comes nearly eight years