Student Guide to Navient Lawsuit
On January 18, 2017, the Consumer Financial Protection Bureau (CFPB) sued the company Navient, a student loan management company, for misleading student loan borrowers. Formerly part of Sallie Mae, Inc., Navient is the largest student loan servicer in the country. Who are the players? What are the allegations? How does the court action impact student loan borrowers? What else has CFPB done to protect student loan borrowers from predatory lending? What can student loan borrowers do to guard against illegal practices from their lender or servicer? The following information is a student’s guide to understanding the Navient lawsuit.
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