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, 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.

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 ...