Navient, a student loan provider, could end up paying $100 million in compensation along with $20 million in penalty. A proposed order was filed by the Consumer Financial Protection Bureau (CFPB) against Navient for failures and lawbreaking in past years. If the court approves the order, this could lead to a permanent ban on Navient from facilitating loan services under the Federal Family Education Loan Program. The order also demands  $100 million in compensation for the borrowers who suffered due to the company’s malpractices and $20 million in penalty from the company. In 2017, CFPB filed a complaint against Navient … Continue reading Navient Faces $120 Million Hit Over Student Loan Failures: Could This Be the End of Their Federal Loan Role?