Prepared Remarks of CFPB Director Rohit Chopra on the Navient Enforcement Action Press Call
September 12, 2024
September 12, 2024
WASHINGTON, Sept. 12 -- The Consumer Financial Protection Bureau issued the following news release:
Today, we are closing the book on Navient one of the worst offenders in the student loan servicing industry, a company that has harmed millions of borrowers across the country. Today's proposed order will permanently ban Navient from directly servicing federal student loans and deliver $100 million to the borrowers they harmed.
Shortly after the CFPB opened its doors . . .
Today, we are closing the book on Navient one of the worst offenders in the student loan servicing industry, a company that has harmed millions of borrowers across the country. Today's proposed order will permanently ban Navient from directly servicing federal student loans and deliver $100 million to the borrowers they harmed.
Shortly after the CFPB opened its doors . . .