Navient reaches $120 million settlement with CFPB for misleading student loan borrowers

Navient reaches 0 million settlement with CFPB for misleading student loan borrowers

Sopa Images | Lightrocket | Getty Images Student loan giant Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with student loan borrowers, the company tells CNBC. The CFPB sued Navient in 2017 for misleading borrowers and providing them with bad information, causing many to pay more than they needed … Read more

Mom who co-signed student loan for daughter fears losing her home

Mom who co-signed student loan for daughter fears losing her home

Kumikomini | Istock | Getty Images In 2004, Sabrina Finch returned to school to become a nurse. Her mother, Rebecca, was excited for Sabrina, then in her early 30s, to finally have a career. She’d watched for years as Sabrina struggled to get by working low-wage jobs, including in fast-food restaurants and factories. As a … Read more