AG Ferguson files suit against Sallie Mae offshoot Navient Corp., announces Student Loan Bill of Rights legislation
Lawsuit alleges numerous student that is deceptive lending, servicing and business collection agencies techniques
OLYMPIA — Attorney General Bob Ferguson today filed a lawsuit against education loan servicer Navient Corporation, an offshoot of education-finance giant Sallie Mae.
In addition, Ferguson additionally announced their agency-request education loan Bill of Rights legislation, introduced this session, to present more resources for pupils and establish requirements for education loan servicers like Navient.
“Enormous student-loan financial obligation is a concern for all Washingtonians, ” Ferguson stated. “i am going to hold organizations accountable if they treat borrowers unfairly. ”
The lawsuit, filed today in King County Superior Court, accuses Navient, the nation’s biggest student-loan servicer, of lots of unjust and misleading methods.