Consumer Financial Protection Bureau v. Navient Corporation et al

  1. September 12, 2024

    Navient Agrees To Pay $120M To End CFPB Student Loan Case

    Navient Corp. would be barred from servicing federal student loans and required to pay $120 million to settle allegations related to its student lending practices under a proposed settlement the Consumer Financial Protection Bureau announced Thursday.

  2. July 16, 2021

    CFPB's Navient Suit To Resume After 3rd Circ. Appeal Fizzles

    A Pennsylvania federal judge has greenlighted the Consumer Financial Protection Bureau's long-running lawsuit against Navient Corp. to resume after the Third Circuit denied the student loan servicer's bid for an immediate appeal tied to the agency's past unconstitutional structure.

  3. March 01, 2021

    Time Limit Debate On Navient Loan Claims Will Go To 3rd Circ.

    A Pennsylvania federal judge has granted student loan servicer Navient's bid to seek the Third Circuit's opinion on whether questions about the constitutionality of the Consumer Financial Protection Bureau's setup stopped the clock on claims that it misled borrowers.

  4. February 05, 2021

    CFPB Urges Denial Of Delay In Navient Loan Servicing Suit

    Student loan servicer Navient shouldn't get to pause a Consumer Financial Protection Bureau lawsuit pending an appeal to the Third Circuit because questions about the constitutionality of the agency's setup had rightfully stopped the statute of limitations on claims against the company, and there were no precedents that said otherwise, the CFPB argued to a Pennsylvania federal court.

  5. January 13, 2021

    Navient Can't Escape CFPB Borrower Suit, Judge Says

    A Pennsylvania federal judge on Wednesday rejected student loan servicer Navient's bid to toss a Consumer Financial Protection Bureau suit, because the loan provider's argument that the agency is unconstitutional "strays afar" from a recent Supreme Court ruling.

  6. January 07, 2021

    Navient Says 9th Circ.'s Seila Ruling No Help To CFPB Suit

    Student loan servicer Navient Corp. told a Pennsylvania federal judge on Wednesday that a challenge it has raised to a Consumer Financial Protection Bureau lawsuit alleging it mistreated borrowers wasn't put to rest by a recent Ninth Circuit decision backing the agency's investigative efforts against California law firm Seila Law.

  7. July 17, 2020

    Navient Trashes CFPB's Bid To Win Student Loan Suit

    Student loan servicer Navient Corp. has told a Pennsylvania federal court that the Consumer Financial Protection Bureau lacks evidence to support allegations in a suit accusing Navient of borrower mistreatment and asked the court to reject the bureau's "truly extraordinary" bid for summary judgment.

  8. July 15, 2020

    CFPB Says Justices' Seila Ruling Irrelevant To Navient Suit

    The Consumer Financial Protection Bureau wants its suit against student loan servicer Navient to move ahead, despite the company's claim that the agency had been defanged by the U.S. Supreme Court's Seila decision.

  9. July 10, 2020

    Navient Cites Supreme Court Ruling In Bid To End CFPB Suit

    Student loan servicer Navient told a Pennsylvania federal judge Friday that because the U.S. Supreme Court recently ruled the president can remove the Consumer Financial Protection Bureau's chief at will, that agency's suit against the loan provider should be dropped.

  10. May 19, 2020

    Navient Pushes For End To CFPB's Servicing Suit

    Navient Corp. urged a Pennsylvania federal judge on Tuesday to shut down the Consumer Financial Protection Bureau's lawsuit against the student loan servicing giant, saying that the agency still hasn't mustered evidence to prove its claims of borrower mistreatment despite years of probing.