U.S. consumer agency sues Navient for 'failing' student loan borrowers

REUTER-U.S. Consumer Financial Protection Bureau has sued student loan servicer Navient Corp (NAVI.O) for what it alleged was "systematically and illegally failing

borrowers at every stage of repayment," the agency said on Wednesday.

The CFBP, which also named Navient subsidiaries Navient Solutions, Pioneer Credit Recovery in its lawsuit, also said it would seek to recover "significant relief" for wronged student loan borrowers.