The People vs. The Student Loan Industry
Zack's Investment Research recently recommended that people buy stock for Navient (formerly Sallie Mae), the nation's largest servicer of student loans. This may seem curious given that the company is facing a historic lawsuit filed on January 18 from the Consumer Financial Protection Bureau (CFPB), that alleges (in agreement with aggrieved student borrowers) that the company has "illegally cheated many struggling borrowers" for years through "shortcuts and deceptions." Read more.