Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle ...

The Consumer Financial Protection Bureau last week said it had reached a $120 million settlement with student loan giant Navient that could lead to compensation for hundreds of thousands of borrowers.

In January, 39 state attorney general offices announced that one of the nation’s largest student loan servicers would resolve allegations of widespread unfair, deceptive and abusive practices.

Student-loan servicing remains the company’s operational core Business-process platforms support large account portfolios ...

Student loan processor Navient is set to cancel nearly $2 billion in debt in an agreement with 39 state attorneys general. Navient is one of the largest student loan processors in the U.S., and the ...