Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say [Business Insider]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Business Insider
They said they're concerned that Navient might be improperly denying defrauded borrowers debt relief. Navient said it's committed to getting relief to borrowers, but the discharge process is still in its early stages. A group of Democratic lawmakers said that a major student-loan company is denying some student-loan borrowers relief that they might qualify for. Sen. Elizabeth Warren led over 20 of her Democratic colleagues, including Rep. Alexandria Ocasio-Cortez and Sen. Ron Wyden, in sending a letter Wednesday to the Consumer Financial Protection Bureau and the Federal Trade Commission urging an investigation into the student-loan company Navient. In the letter, viewed exclusively by Business Insider, the lawmakers wrote that Navient's process to cancel student loans for borrowers who said their schools defrauded them is "flawed, convoluted, and opaque," and it may have resulted in borrowers being "improperly" denied relief they qualified for. A process known as the borro
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NAVI
News
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at JPMorgan Chase & Co. from $15.50 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Why Is Navient (NAVI) Up 7.7% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Navient (NASDAQ:NAVI) Has Announced A Dividend Of $0.16 [Yahoo! Finance]Yahoo! Finance
- Navient declares fourth quarter common stock dividend [Yahoo! Finance]Yahoo! Finance
- Navient declares fourth quarter common stock dividendGlobeNewswire
NAVI
Earnings
- 10/31/24 - Beat
NAVI
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 3/A
- 11/7/24 - Form 4
- NAVI's page on the SEC website