Senator Warren tells Navient CEO he should be fired

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Law360 (April 13, 2021, 10:07 p.m. EDT) – U.S. Senator Elizabeth Warren, D-Mass., Lambasted the CEO of Navient Corp. during a Senate appearance on Tuesday, saying he should lose his job and his company should lose its federal contract after multiple lawsuits and investigations into its student loan management practices.

Senator Elizabeth Warren told Navient CEO on Tuesday at a Senate hearing: “The federal government should absolutely fire Navient. And because this happened under your leadership, Navient should fire you.” (AP Photo / Susan Walsh) Testifying before a Senate banking subcommittee, Navient CEO Jack Remondi acknowledged that many consumers are struggling to repay their student loans and called for reforms to improve the financing of higher education, declaring …

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