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Navient Corp., the country’s student loan servicer that is largest, is facing four lawsuits alleging so it harmed education loan borrowers for the payment process.
Pennsylvania’s attorney general had been the newest to file a suit, which arrived at the beginning of October. The U.S. Customer Financial Protection Bureau in addition to Illinois and Washington lawyers basic sued Navient in January.
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 among other things. Continue lendo “Navient Lawsuits: Exactly Just What Education Loan Borrowers Need To Find Out”