Education loan servicers is actually a critical outcomes of consumers and you can loan providers

Education loan servicers is actually a critical outcomes of consumers and you can loan providers

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Office of your own Attorneys Standard– Andrew J. Bruck, Pretending Attorney GeneralDivision away from User Issues– Sean P. Neafsey, Acting DirectorDivision off Rules– Michelle Miller, Manager

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Newark – Pretending Attorney General Andrew J. Bruck and also the Division away from Individual Affairs now established that This new Jersey student loan individuals get more $60 billion into the rest from a settlement with Navient Corp. and its subsidiary Navient Alternatives LLC (Navient) you to solves a beneficial 2020 suit submitted by the County up against the education loan maintenance icon. The fresh new State’s lawsuit so-called one to Navient engaged in unconscionable industrial methods, deceptive carry out, and you can misrepresentations whenever servicing a large number of Nj consumers’ student loans over the past decade – improving providers earnings at the expense of striving consumers. (more…)

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