Navient in crosshairs of CFPB lawsuit

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Navient in crosshairs of CFPB lawsuit

Cordray
Consumer Financial Protection Bureau Director Richard Cordray listens while testifying on Capitol Hill in Washington, Tuesday, Jan. 31, 2012, before the Senate Banking Committee hearing on "Holding the CFPB Accountable: Review of First Semi-annual Report. (AP Photo/J. Scott Applewhite) | J. Scott Applewhite/AP

The Consumer Financial Protection Bureau (CFPB) announced on Wednesday that it is suing student loan servicer Navient for “systematically and illegally” failing borrowers by creating obstacles to loan repayment.

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