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Stock impact report

Trump to student borrowers: Good luck on your own [Yahoo! Finance]

Navient Corporation (NAVI) 
Last navient corporation earnings: 4/21 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: navient.com/about/investors
Company Research Source: Yahoo! Finance
questions about who will protect borrowers from errors by the massive government contractors that collect their monthly payments. This week, officials at the Consumer Financial Protection Bureau circulated a memo instructing staff to “deprioritize” student loan matters at the watchdog agency, where they are trying to cut about 90% of the workforce. Since its creation in 2010, the CFPB has been the key regulator tasked with making sure loan servicers comply with federal consumer laws. At the Department of Education, meanwhile, mass layoffs have wiped out the Federal Student Aid office teams that were in charge of regularly checking loan servicers' work for mistakes and getting them fixed, multiple former officials told Yahoo Finance. The moves have left borrower advocates aghast, warning that former students will have far less recourse if servicers — who have long been a magnet for consumer complaints and have sometimes faced legal crackdowns for defrauding customers — mishandle Show less Read more
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