Sallie Mae

Sep 12, 2024

Navient faces $120M fine, ban over student loan abuse claims from consumer watchdog

The Consumer Financial Protection Bureau filed a proposed order Thursday to permanently ban Herndon-based Navient, formerly the nation’s largest student loan servicer, from servicing federal student loans and fine the company $120 million. “These bans would largely remove Navient from a market where it, among other illegal actions, steered numerous student loan borrowers into costly [&[...]

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