Navient has agreed to pay $120 million as part of a settlement agreement reached with a federal regulator—most of which is expected to go to impacted student loan borrowers. 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 properly processing payments.

BING NEWS:
  • What Donald Trump's Win Could Mean for Student Loan Forgiveness
    During Biden's administration, the Education Department provided $175 billion in student loan forgiveness for roughly 5 million people.
    11/9/2024 - 1:56 am | View Link
  • Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.
    Despite getting stuck on broad relief, Biden's Education Department has spent the last four years making a slew of changes to relief programs like Public Service Loan Forgiveness, borrower defense to ...
    11/2/2024 - 11:20 pm | View Link
  • Navient overview: What to know about the former student loan servicer
    Navient served as a federal student ... faced a lawsuit from the Consumer Financial Protection Bureau (CFPB) for federal loan mismanagement. In September 2024, the company reached a settlement ...
    10/20/2024 - 1:00 pm | View Link
  • Navient Banned From Student Loan Servicing After $120 Million Settlement
    Navient is permanently banned from servicing Federal Direct Student ... $100 million to borrowers harmed ・The ruling comes from a lawsuit filed seven years ago, alleging various loan servicing ...
    09/26/2024 - 10:22 am | View Link
  • Navient will pay $100 million to student-loan borrowers in landmark settlement. Here’s how you’ll get your cut.
    Navient Corp. will pay $120 million ... in the student-loan servicing industry,” Rohit Chopra, the CFPB’s director, said on a conference call with reporters. The order resolves a lawsuit ...
    09/12/2024 - 3:40 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News