While having long - term implications for the financial health of borrowers, a present concern for consumer advocates is that it is unclear what will happen to the CFPB's ongoing lawsuit against the large student loan servicer, Navient, who was sued under the previous CFPB directorship over findings it committed widespread fraud and
abuse against student loan borrowers.
Not exact matches
The nation's largest
student loan company is under litigation for alleged irregularities made on
student loans.Pennsylvania attorney general Josh Shapiro filed the suit
against Navient Corp. on Thursday with suspected widespread
abuses and... [Read more...] about Navient Corp..
Last week, an even larger group of attorneys general warned
against the pre-emption bill pending in the House, which they said would block the states from combating fraud and
abuse in the
student loan industry.
National Consumer Law Center v. U.S. Department of Education, April 19, 2018, Complaint and Press Release The National Consumer Law Center filed a lawsuit in the U.S. District Court for Massachusetts
against the U.S. Department of Education for records related to its purported justification for delaying implementation of a rule to protect
student loan borrowers from school fraud and
abuse, including records of communications between agency officials and representatives of the for - profit college industry.