Robbins Arroyo LLP Is Investigating the Officers and Directors of Navient Corporation (NAVI) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Navient Corporation (“Navient”) (NASDAQGS: NAVI) breached their fiduciary duties to shareholders by engaging in improper lending practices. Navient provides financial products and services in the United States.
Navient Is Sued by the Consumer Financial Protection Bureau
Navient, formerly known as Sallie Mae, Inc., manages a portfolio of approximately $300 billion in student loans and acts as a loan servicer for the Department of Education. The Consumer Financial Protection Bureau recently sued Navient for creating obstacles to repayment by providing bad information, incorrectly processing payments, and failing to address borrowers’ complaints. In addition, Navient allegedly illegally cheated many borrowers out of their rights to lower repayments, which caused them to pay more for their loans. Further, Navient allegedly made it more difficult for borrowers to obtain the right to pay their loans according to what they can afford. The company’s alleged wrongdoings include violations of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fair Credit Reporting Act, and the Fair Debt Collections Practices Act.
Navient Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.