​Large Student Loan Servicer Banned From Service, Ordered To Pay $120 Million Settlement – Tyler Durden

Large Student Loan Servicer Banned From Service, Ordered To Pay $120 Million Settlement Authored by Chase Smith via The Epoch Times (emphasis ours), Navient, once the largest student loan servicer in the United States, has been permanently barred from federal student loan servicing and ordered to pay a $120 million settlement following years of alleged regulatory and legal violations. The headquarters of student loan debt collector Navient Corp. in Wilmington, Del., on April 2, 2014. William Bretzger/The Wilmington News-Journal via AP, File The Consumer Financial Protection Bureau (CFPB) announced the proposed order against the servicer formerly known as Sallie Mae…  — Continue at ZeroHedge News : Read More