On September 12, 2024, the Consumer Financial Protection Bureau (CFPB) filed a stipulated proposed order in its suit against the student loan servicer Navient, formerly known as Sallie Mae. If entered ...

Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with student loan borrowers, the company tells CNBC. The CFPB sued Navient in 2017 for ...

Navient, once among the largest student loan servicers in the U.S., is permanently banned from servicing federal student loans, according to a settlement reached by the company and the Consumer ...

More than 42 million Americans owe over $1.6 trillion in student loan debt, and now at least 100,000 borrowers could receive Navient settlement checks after a $120 million agreement with the Consumer ...

Editor's note: This story has been updated to clarify that Navient has been banned only from servicing student loans. Navient, one of the largest student loan companies in the U.S., has been banned ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...

Navient, once one of the country’s largest student loan servicers, has reached a $120 million settlement with the Consumer Financial Protection Bureau (CFPB) — resulting in the company being ...

Navient, one of the nation’s largest student loan companies, will pay $120 million to resolve allegations that it misallocated payments, steered people into costly repayment plans, supplied the wrong ...