In a statement released in response to the CFPB's suit,
Navient said the allegations are unfounded and politically motivated.
Not exact matches
Navient d efende d its pract ices,
saying the
allegations by the CFPB are «unfounded» and that the timing of the lawsuit, given the transfer to a new government, «reflects their political motivations.»
Ultimately,
Navient says it will «vigorously defend against these false
allegations» both publicly and in court.
Navient and Sallie Mae call the
allegations unfounded and
say the timing of the lawsuits — right before a new administration is coming into office — proves that it is politically - based.
When it comes to a responsibility to not string debtors along by providing poor advice the CFPB
says, «
Navient does not dispute the sufficiency of the Bureau's
allegation that
Navient took «unreasonable advantage» of borrowers experiencing long - term financial hardship.