Watch VideoNavient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.
The $1.85 billion deal with 39 state attorneys general was announced...
Navient Settles Predatory Student Loan Claims For $1.85B
Newsy
0 shares
1 views
You might like
Related news coverage
United States: Student Loan Servicer Settles Predatory Lending Claims - Cadwalader, Wickersham & Taft LLP
A student loan servicer reached a settlement with 39 state attorneys general, resolving claims of unfair and predatory lending..
Mondaq