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Surprisingly, student loan servicer Navient has been sued just as before for predatory financing methods that Pennsylvania Attorney General Josh Shapiro calls “unfair and deceptive.” Navient claims they’re maybe not doing any such thing incorrect, but right right here’s what you need to understand, anyhow.
This is actually the 4th lawsuit filed against Navient this present year. The customer Financial Protection Bureau (CFPB) sued them early in the day this year for shady company techniques, to which Navient replied , “A servicer’s role would be to gather payments owed by borrowers. There is no expectation that the servicer shall‘act within the interest of this customer.’”
In this lawsuit that is latest, Navient reacted which they work inside the confines of this Department of Education’s rules. The issue is, under Secretary of Education Betsy DeVos, the Department of Education has eradicated protections for borrowers . As you education loan attorney told education loan Hero :
Using cash advice from that loan servicer is kind of like using wellness advice from a tobacco…