A federal regulator said Thursday that it is banning Navient from servicing federal student loans and ordering the company to pay $120 million.

Navient accepts US student loan ban, pays $120 million in CFPB settlement. By Jonathan Stempel and Douglas Gillison. September 12, 2024 5:14 PM UTC Updated September 12, 2024 Signage ...

Navient, CFPB reach $120M settlement over landmark student loan servicing case. The settlement also bans Navient from servicing federal student loans again in the future.

Paul Hartwick, a Navient spokesperson, said the company had already made most of the changes outlined in its agreement with the CFPB. It wound down its Direct Loan servicing in 2021 — something Chopra ...

A federal regulator said Thursday that it is banning Navient from servicing federal student loans and ordering the company to pay $120 million.

Navient, which was spun off from Sallie Mae in 2014, was at its peak one of the nation’s largest servicers of federal student loans. It was also a major target of progressive anger. Sen.

US bans Navient from servicing federal student loans. ... Navient agreed in 2022 to a $1.85 billion settlement with several state attorneys general that claimed the company engaged in unfair ...

Navient has agreed to pay $120 million to resolve Consumer Financial Protection Bureau allegations that for years it illegally serviced federal student loans, ending a high-profile case that ...