Friday - November 1, 2024
Prepared Remarks of CFPB Director Rohit Chopra on the Navient Enforcement Action Press Call
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, we . . .

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