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CFPB Suing Largest Student Loan Servicer in U.S. for Overcharging Students

HeadlineJan 24, 2017

The Consumer Financial Protection Bureau is suing the nation’s largest student loan servicer, Navient, accusing it of “systematically and illegally failing borrowers at every stage of repayment.” Navient services $300 billion in private and federal loans. The suit argues Navient illegally increased the cost of the loans for millions of students.

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