(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.

"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 ...

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

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 ...

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 ...