US CFPB Seeks Court Approval For Final Judgment To Resolve Lawsuit Against Navient; Judgment Would Permanently Ban Navient From Servicing Direct Loans And Acquiring Or Servicing FFELP Loans
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The US Consumer Financial Protection Bureau (CFPB) is seeking court approval for a final judgment to resolve a lawsuit against Navient. The judgment would permanently ban Navient from servicing Direct Loans and acquiring or servicing FFELP Loans.
September 12, 2024 | 12:43 pm
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The CFPB is pursuing a court-approved judgment that would permanently prohibit Navient from servicing Direct Loans and acquiring or servicing FFELP Loans. This could significantly impact Navient's business model and revenue streams.
The CFPB's action to permanently ban Navient from servicing Direct Loans and FFELP Loans would directly affect Navient's core business operations. This legal and regulatory development could lead to a significant loss of revenue and necessitate a strategic shift for the company.
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