Gotchas / Consumer

BREAKING: CFPB sues Navient, formerly Sallie Mae, largest student loan servicer, says it ‘cheated’ borrowers

If this is the last act of Richard Cordray’s Consumer Financial Protection Bureau, it’s a doozy.  The bureau announced Wednesday it was suing Navient, formerly Sallie Mae, for allegedly deceiving student loan borrowers about their rights during repaying.  The state of Illinois also announced it had sued Navient on Wednesday, [Keep reading]