Navient reaches $120 million settlement with CFPB for misleading student loan borrowers

By CNBC | Sep 12, 2024 at 08:42 AM EST

Navient settles with CFPB for $120 million over misleading student loan practices. $100 million will compensate affected borrowers, $20 million to CFPB fund. Navient banned from federal loan servicing. CFPB Director condemns Navient's exploitation of students and taxpayers.

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