Student-loan Companies That Don't Do Their Jobs Should Be Fired, Elizabeth Warren Says. Her Next Target Is One That Manages 8 Mi

asheffey@businessinsider.com (Ayelet Sheffey), Business Insider
Sun, 09/22/2024 - 2:57am

Sen. Elizabeth Warren called for student-loan companies who don't do their jobs to be fired.Andrew Harnik/Getty ImagesThe CFPB settled with student-loan company Navient, resolving claims Navient mishandled borrowers' payments.Elizabeth Warren told BI it sends a signal to the student-loan industry that they'll face consequences for bad behavior.She said that terminating servicers' contracts for failing obligations is an effective solution.For nearly a decade, Massachusetts Sen.

Topics: andrew harnik/getty imagesthe cfpb massachusetts sen elizabeth warren consumer financial protection bureau cfpb director rohit chopra director chopra rep jim clyburn education sec miguel cardona december october rep ayanna pressley terminate mohela fsa we but warren elizabeth warren sen elizabeth warren cfpb and navient bi warren democratic september chopra business insider ed education department mohela jobs student-loan companies servicers borrowers obligations settlement failing told company people contract servicer industry lawmakers contractual servicing contracts payments major causing cleaning request options effective positive days interview colleagues signal bad work hold service relief customer including statements finally time

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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.
After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warning to other servicers: "Their days are numbered." ...
09/21/2024 - 11:01 pm | View Link
U.S. Sen. Elizabeth Warren contrasts Trump, Harris on the economy in Green Bay
Elizabeth Warren began speaking for the ... Democrats want to expand your health care," Warren said. "You go Libby," an attendee shouted from the front. "You bet, you bet, I'm fired up," Warren ...
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Student-loan Companies That Don't Do Their Jobs Should Be Fired, Elizabeth Warren Says. Her Next Target Is One That Manages 8 Mi

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