Navient said in a press release that it does not agree with the CFPB’s allegations but that “this agreement puts these decade-old issues behind us.” Biden has delivered debt forgiveness to ...

(Reuters) - A U.S. regulator on Thursday said it is banning Navient from servicing federal student loans, and ordered the company to pay $120 million for wide-ranging student lending failures.

Navient, based in Herndon, Virginia, said in a statement it disagreed with the CFPB allegations, but that the settlement "puts these decade-old issues behind us" and was a "positive milestone in ...

"These bans would largely remove Navient from a market where it, among other illegal actions, steered numerous student loan borrowers into costly repayment options," it added. The US agency said ...

Navient is being banned from federal student loan servicing and has been ordered to pay $120 million for alleged lending failures. © The Associated Press The ...

A federal regulator said Thursday that it is banning Navient from servicing federal student loans and ordering the company to ...