Navient banned from federal student loan servicing, fined $120M
The government's top consumer watchdog has banned Navient from servicing federal student loans and ordered the company to pay $120 million for allegedly defaulting on loans. The settlement announced Thursday comes nearly eight years after the Consumer Financial Protection Bureau (CFPB) sued Navient, a former division of Sallie Mae, in 2017. The CFPB accused the […]