Tag Archives: navient

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News Release: Private Student Lenders Finally Do the Bare Minimum, Halt New Lawsuits Against Borrowers During the Pandemic

According to the Washington Post, Navient will suspend any new lawsuits against private student loan borrowers, and National Collegiate has said no new lawsuits will be filed for at least two months. This is the bare minimum of what should happen in the midst of a pandemic, but it is step in the right direction which we welcome and urge all other private student loan servicers to take as well.

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AFR Statement: CFPB, state attorneys general fight for student borrowers in lawsuit against Navient

We welcome the news that the Consumer Financial Protection Bureau took action to protect student loan borrowers today by suing Navient for steering struggling borrowers toward paying more than they had to on their loans. The Bureau is joined by state attorneys general from Illinois and Washington, who today both filed their own lawsuits. This action makes clear why we need a strong, independent CFPB under the leadership of Director Cordray, whose work is putting billions of dollars back in the pockets of the people who earned them, rather than the coffers of companies who stole from them.