CFPB bans Navient federal student loan servicing, issues $120M fine

Consumer Financial Protection Bureau director Rohit Chopra said the action would "close the book" on the agency's investigation into the Sallie Mae spinout.

CFPB bans Navient federal student loan servicing, issues $120M fine
Consumer Financial Protection Bureau director Rohit Chopra said the action would "close the book" on the agency's investigation into the Sallie Mae spinout.