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If approved by the court, the agreement will settle a 2017 lawsuit, in which the U.S. Consumer Financial Protection Bureau (CFPB) accused Navient of misleading student loan borrowers and not ...
Tens of thousands of people who took out student loans over the past 20 years could see their loans canceled or receive a small check as part of a nationwide settlement with Navient, a major ...
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 ...
In 2021, student loan borrowers filed a lawsuit against Navient in order to force the company into bankruptcy. [20] In January 2022, a $1.85 billion settlement was announced between student loan borrowers and Navient. [21]
The student loan servicing provider Navient reached a deal to cancel $1.7 billion in delinquent private student loans belonging to more The post Navient to cancel $1.7B in student loans over ...
The defendants had to pay $60 million in compensation to the nearly 78,000 military service members "who were forced to pay more for their student loans than is required under the SCRA". Navient was fined $55,000 as a civil penalty payable to the United States.
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 ...
Jan. 14—WILKES-BARRE — Attorney General Josh Shapiro Thursday announced a $1.85 billion landmark settlement with student loan servicer Navient, which includes $1.7 billion in debt cancellation ...