Navient banned from federal student loan servicing, fined $120M
“Today we are closing the book on Navient, one of the worst offenders in the student loan servicing industry, and a company that has harmed millions of borrowers across the country,” CFPB Director Rohit Chopra told reporters Thursday morning.
#News #StudentLoans #Education #CoSoNews
https://thehill.com/business/4876090-navient-student-loan-servicing-ban/
@nursefrombirth Horrible, rapacious company. Shut them down and forgive every loan they administer, just for the lousy way they treat borrowers.
@t_heislen I'm all in for that.
@nursefrombirth too bad those fines aren't coming directly out of Betsy DeVos' pocket...