California Will Be Fourth State to Sue Navient Over Student Loans

California Will Be Fourth State to Sue Navient Over Student Loans

The legal problems facing Navient, one of the nation’s largest student loan debt collectors, mounted on Thursday as California’s attorney general said he would file a lawsuit accusing the company of widespread deceptions and mistakes that cost borrowers millions of dollars. The accusations echo those in a major enforcement case against Navientthat was started by the Consumer Financial Protection Bureau last year, in the final days of President Obama’s administration. The bureau is still pursuing the case, but consumer advocates fear it will be dropped or settled by Mick Mulvaney, the…

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Navient lawsuit: What student loan borrowers need to know

Navient lawsuit: What student loan borrowers need to know

Navient Corp., the nation’s largest student loan servicer, is facing three lawsuits alleging that it harmed student loan borrowers throughout the repayment process. The U.S. Consumer Financial Protection Bureau and the Illinois and Washington attorneys general sued Navient in January. Among other things, the CFPB alleges that since at least January 2010, Navient misallocated payments, steered struggling borrowers toward multiple forbearances instead of income-driven repayment plans, and provided unclear information about how to re-enroll in income-driven repayment plans and how to qualify for a co-signer release. The CFPB is asking…

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What The Navient Lawsuit Means For Your Student Loans: Part 2

What The Navient Lawsuit Means For Your Student Loans: Part 2

The lawsuit filed last week against Navient, the largest student loan servicer in the country, hit home with many student loan borrowers who say they have had similar experiences. Lost paperwork. Misapplied payments. Surprise late fees. Processing delays. Overall confusion. (You can read more about the allegations made by the Consumer Financial Protection Bureau (CFPB) and Navient’s response). As a follow up to “What The Navient Lawsuit Means For Your Student Loans,” here are some more action steps that you can take to protect your interests and take control of…

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Harmed by Navient? What student loan borrowers need to know

Harmed by Navient? What student loan borrowers need to know

The U.S. Consumer Financial Protection Bureau is suing Navient Corp., the nation’s largest student loan servicer, accusing it of “systematically and illegally failing borrowers at every stage of repayment,” according to a press release Wednesday. The CFPB is asking Navient to compensate the borrowers the agency says were harmed. Among other things, the CFPB alleges that since at least January 2010, Navient misallocated payments, steered struggling borrowers toward multiple forbearances instead of income-driven repayment plans, and provided unclear information about how to re-enroll in income-driven repayment plans and how to qualify…

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Zacks Investment Research upgraded Navient Corp (NASDAQ:NAVI) to Hold in a report released today.

Zacks Investment Research upgraded Navient Corp (NASDAQ:NAVI) to Hold in a report released today.

Just yesterday Navient Corp (NASDAQ:NAVI) traded 0.18% higher at $16.70. Navient Corp’s 50-day moving average is $16.74 and its 200-day moving average is $14.37. The last stock price is up 15.93% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.04% over the same time period. 990,467 shares of NAVI traded hands, down from an average trading volume of 3,651,220 Zacks Investment Research has upgraded Navient Corp (NASDAQ:NAVI) to Hold in a report released on 12/13/2016. Recent Performance Chart Navient Corp has 52…

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Navient Corp. (NAVI) Receives $15.75 Consensus Price Target from Brokerages

Navient Corp. (NAVI) Receives $15.75 Consensus Price Target from Brokerages

Navient Corp. (NASDAQ:NAVI) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the firm. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.75. Several research analysts have recently weighed in on NAVI shares. Zacks Investment Research raised Navient Corp. from a “sell” rating to a “hold” rating in a research report…

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