Customer Financial Protection Bureau sued Navient
In January 2017, CFPB sued Navient, the nation’s service that is largest of federal and personal student education loans, for failing borrowers at every phase of repayment. 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 expensive to settle loans:
Navient’s illegal loan servicing methods
1. Failing continually to precisely use re payments. Navient will not follow […]
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