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Truth be told, education loan servicer Navient has been sued all over again for predatory financing techniques that Pennsylvania Attorney General Josh Shapiro calls “unfair and misleading.” Navient claims they’re perhaps not anything that is doing, but right here’s what you need to understand, anyhow.

This is basically the lawsuit that is fourth against Navient this season. The customer Financial Protection Bureau (CFPB) sued them earlier in the day this current year for shady company techniques, to which Navient replied , “A servicer’s role would be to gather re re payments owed by borrowers. There is no expectation that the servicer shall‘act within the interest associated with customer.’”

In this lawsuit that is latest, Navient reacted which they work inside the confines associated with Department of Education’s guidelines. The thing is, under Secretary of Education Betsy DeVos, the Department of Education has eradicated defenses for borrowers . Continue reading