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...Under the agreement, Navient must implement “conduct reforms” such as outlining the benefits of repayment plans other than forbearances. Navient has faced legal action from US authorities before....
...Navient has denied any wrongdoing. Read more on Navient’s settlement here....
...Navient has denied any wrongdoing. Read more on Navient’s settlement here...
...One was against student loan servicer Navient for its handling of student loan inquiries; the other was against the Department of Education for the previous administration’s mismanagement of the programme...
...“Education finance firms such as Navient, Sallie Mae and Discover Financial will almost certainly face heightened supervisory scrutiny and greater enforcement risk,” said Isaac Boltansky of Compass Point...
...Baltics and Russia (FT) Ford to exit heavy truck business in South America (FT) Germany backs French call for right to overturn EU merger decisions (FT) France revels in sovereign bond sweet spot (FT) Navient...
...They have since fallen 11 per cent after Navient agreed to acquire Earnest, a financial technology company, for $155m in cash last week. That reduces Navient’s ability to return cash to shareholders....
...Earnest, a San Francisco-based student loans specialist, sold itself in October to Navient, the loan-servicing company, for $155m, or about 40 per cent of its peak valuation....
...On Wednesday the chief executive of Navient, the biggest student-loan servicer in America, accused the CFPB of making “a political statement” by suing the company last week, two days before Donald Trump...
...Navient said it has recorded $29m in restructuring charges in the second quarter....
...Shares in Navient have fallen about a quarter this year, trailing a 10 per cent rise by the Nasdaq....
...“One thing markets hate more than anything else is uncertainty,” said Jack Remondi, chief executive of Navient, a student loan servicing company....
...Navient, which services student loans, continued to slide after it said in a filing on Monday the Consumer Financial Protection Bureau may sue the company. It dropped 7.8 per cent to $12.04....
...His largest shareholdings include AIG, Actavis, Citigroup, Navient and Sirius XM, according to most recent regulatory disclosures....
...There is not much unsecuritised FFELP paper left, but a year ago the Navient Student Loan Trust priced one-year triple-A rated bonds at 25 basis points over one-month Libor, and the 11-year single-A rated...
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