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 […]
Student Loan Processor Navient Makes Deal With State Attorneys General To Settle Claims Of Predatory Student Loans Student loan processor Navient will cancel $1.7 billion worth of debt for 66,000 students. Navient agreed to do this in an agreement to settle a lawsuit with 39 states and the District of Columbia. The $1.7 billion in […]
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