Whereas, Navient is now getting sued by the Individual Financial Security Bureau plus the county attorneys standard off Illinois, Pennsylvania and you may Arizona having:
- Steering having difficulties individuals into using more they want to with the fund of the leading them to the forbearance, resulting in the individuals consumers gathering a supplementary $cuatro billion from inside the delinquent attention on their fund;
- Failing to correctly apply and you will/otherwise spend some debtor repayments to their accounts;
- Obscuring information student loan individuals need certainly to stay in money-driven repayment agreements and keep their monthly payments reduced;
- Deceiving personal student loan individuals from the standards to discharge the co-signers using their funds; and you will
- Damaging the credit regarding handicapped consumers, also honestly damage experts; and you will
Whereas, Navient produced in a , legal filing responding for the CFPB’s issue, “There isn’t any expectation your servicer will operate about interest of the user”; and you may