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N avient has agreed to pay $120 million as part of a settlement agreement reached with a federal regulator ... and not properly processing payments. Navient, formerly part of Sallie Mae, used to ...
Navient is barred from federal student loan servicing and has to pay $120 million in fines and compensation to the borrowers harmed by its practices, according to a proposed settlement with the ...
Now that student loan servicing company Navient has agreed to a $1.85 billion settlement over alleged predatory and deceptive lending practices, tens of thousands of loan recipients might soon be...
Despite demonstrating this financial hardship to Navient, the company did not enroll the student in an “income-driven plan” to lower payments until 2015, six years after they were first ...
In 2015, Navient attracted recognition from 2020 Women on Boards, [13] the Women's Forum of New York, and the New York Stock Exchange Governance Services for gender diversity on its board of directors. [14] The company acquired asset recovery and business process outsourcing firm, Gila LLC, [15] and health care payments firm Xtend Healthcare. [16]
In 2022, Navient offered relief or restitution to select borrowers following a lawsuit by 39 state attorneys general. Eligible borrowers were notified by email in 2022 and received relief ...
In March 2024, a settlement in the injunctive relief portion of the payment card interchange fee case was announced to reduce what are known as "swipe fees" for merchants in the U.S. This change, set to last five years, was expected to save retailers about $30 billion and mark the end of a long-standing legal battle over antitrust issues ...
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