The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty. Student Loans, Consumer Financial Protection Bureau, Personal Finances, Regulation and Deregulation of Industry The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty. NYT > Business
Navient and CFPB Reach $120 Million Student Loan Settlement
