In January 2017, CFPB sued Navient, the nation’s biggest solution of federal and personal student education loans, for failing borrowers at each phase of payment. Navient, previously section of Sallie Mae, has subsidiaries Navient Solutions servicing loans and Pioneer Credit healing doing commercial collection agency. Navient denied borrowers repayment rights60 and it is accused of a few unlawful techniques that allow it to be more challenging and high priced to settle loans:
Navient’s unlawful loan servicing techniques
1. Continue reading Customer Financial Protection Bureau sued Navient