Business Insider: Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.

"Persistence pays," Warren told Business Insider in an interview. "We've stayed after Navient for years. Director Chopra's efforts at CFPB have finally helped millions of people get the relief they deserve and a guarantee that Navient will never work as a federal student loan servicer. That proves we can hold these guys accountable."

Navient said in a statement following that settlement that "while we do not agree with the CFPB's allegations, this resolution is consistent with our go-forward activities and is an important positive milestone in our transformation of the company."

…

Read the full story here.

• Print
• Email
• Tweet