Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers. [Business Insider]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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Source: Business Insider
Elizabeth Warren told BI it sends a signal to the student-loan industry that they'll face consequences for bad behavior. She said that terminating servicers' contracts for failing obligations is an effective solution. For nearly a decade, Massachusetts Sen. Elizabeth Warren has been working to enforce oversight over Navient , a major student-loan company. Warren and some of her Democratic colleagues were concerned that the company was not properly managing student-loan borrowers' payment options, causing them to accumulate unaffordable student debt. The Consumer Financial Protection Bureau caught on: in 2017, it filed a lawsuit against Navient, accusing the company of misleading borrowers about their debt relief and repayment options, causing them to lose out on more affordable payments. On September 12, the litigation finally concluded with CFPB Director Rohit Chopra announcing a $120 million settlement , $100 million of which was going back to impacted borrowers — along wit
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NAVI
News
- 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
- Navient Receives Champion of Board Diversity Recognition by The Forum of Executive WomenGlobeNewswire
- Is the Options Market Predicting a Spike in Navient (NAVI) Stock? [Yahoo! Finance]Yahoo! Finance
NAVI
Earnings
- 10/31/24 - Beat
NAVI
Sec Filings
- 11/7/24 - Form 4
- 11/6/24 - Form 144
- 11/1/24 - Form SC
- NAVI's page on the SEC website