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Navient Corp., the country’s largest education loan servicer, is dealing with four legal actions alleging it harmed education loan borrowers through the payment procedure.
Pennsylvania’s lawyer general ended up being the newest to register a suit, which arrived during the early October. The U.S. Customer Financial Protection Bureau additionally the Illinois and Washington lawyers basic sued Navient in January.
On top of other things, the CFPB alleges that since at the very least January 2010, Navient misallocated repayments, steered struggling borrowers toward numerous forbearances in place of income-driven payment plans, and offered not clear information regarding how exactly to re-enroll in income-driven payment plans and exactly how to qualify for the co-signer launch. Continue reading “Navient Lawsuits: Exactly Exactly What Education Loan Borrowers Must Know”