Lawsuit Alleges Sallie Mae and Navient Unlawfully Charging Late Fees

Sallie Mae
Navient Corporation
Consumer Fraud

Lawsuit Alleges Sallie Mae and Navient Unlawfully Charging Late Fees

Important Information

“January 20, 2017 – Navient, Inc. has been hit with the first class action following the lawsuit lodged by the Consumer Financial Protection Bureau. You can read more about the new lawsuit here.

January 19, 2017 – The Consumer Financial Protection Bureau has hit Navient with a lawsuit alleging the company illegally cheated borrowers and failed to perform its “core duties in the servicing of student loans.” You can read more about the case here.

ClassAction.org is no longer assisting with investigations into this matter. The information here is for reference only.”

Example: Consumer Financial Protection Bureau

https://www.google.com/#q=Sallie+Mae,+Navient,+Everest,+Corinthians,+Zenith,+Nelnet,+Lawsuits+and+Closures

https://www.google.com/?gws_rd=ssl#q=navient+aka+sallie+mae

“Here is what you need to know and how it will impact your student loans:The Navient Lawsuit

If you have a student loan, there is a good chance that it may be serviced by Navient. Navient, which spun off from Sallie Mae and is the nation’s largest student loan servicer, has more than 12 million customers and services more than $300 billion of government and private student loans.”

Reference: https://www.forbes.com/sites/zackfriedman/2017/04/04/navient-student-loan-repayment/#51c391ea4b4e

 

Student Loan Collector Cheated Millions, Lawsuits Say

​”​Navient handles $300 billion in private and federal loans for some 12 million people — touching about one in four student loan borrowers. Every customer may have been affected by Navient’s misdeeds, said Lisa Madigan, the attorney general of Illinois, announcing her own lawsuit with the one filed by the Consumer Financial Protection Bureau.”

Reference: https://www.nytimes.com/2017/01/18/business/dealbook/student-loans-navient-lawsuit.html?_r=0

Navient Lawsuit: What Student Loan Borrowers Need to Know

April 10, 2017 Loans, Student Loans

Navient has filed motions to dismiss all three cases and says the suits are based on new servicing standards that are being applied retroactively, according to a March 2017 fact sheet.

Reference: https://www.nerdwallet.com/blog/loans/student-loans/navient-student-loan-lawsuit/
Reference: May 14, 2015 – Committee of Creditors to Represent Claims in Corinthian Colleges Bankruptcy 7:38PM UTC …… Everest Re Group Announces Dividend 3:43PM UTC …. Sallie Mae Chairman and CEO to Present at Barclays Americ

 

Education

Government to Forgive Student Loans at Corinthian Colleges

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