Feds Sue Scholar Loan Giant Navient: Just What Borrowers Need to Understand

The U.S. Customer Financial Protection Bureau is suing Navient Corp., the nation’s largest student loan servicer, accusing it of “systematically and illegally failing borrowers at each phase of payment, ” according to a pr release Wednesday. The CFPB is asking Navient to pay the borrowers the agency states had been harmed. The CFPB alleges that since at least January 2010, Navient misallocated...
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