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AG Ferguson files suit against Sallie Mae offshoot Navient Corp., announces scholar Loan Bill of Rights legislation

AG Ferguson files suit against Sallie Mae offshoot Navient Corp., announces scholar Loan Bill of Rights legislation

Lawsuit alleges numerous student that is deceptive lending, servicing and business collection agencies techniques

OLYMPIA — Attorney General Bob Ferguson filed a lawsuit against student loan servicer Navient Corporation, an offshoot installment loans of education-finance giant Sallie Mae today.

In addition, Ferguson additionally announced their agency-request education loan Bill of Rights legislation, introduced this session, to give more resources for pupils and establish criteria for education loan servicers like Navient.

“Enormous student-loan financial obligation is a problem for most 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 techniques. Read more