NEW YORK, Jan. 24, 2017 /PRNewswire/ -- Moore Kuehn, PLLC
announces that it commenced an investigation of Navient Corp.
(NAVI) concerning possible violations of consumer laws by the
Company, and breaches of fiduciary duties by its officers and
directors. Navient manages nearly $300
billion in student loans for more than 12 million customers
and is the nation's largest servicer of student loans.
The investigation concerns the Company's failure to properly
handle loan payments, concealment of material information, and
imposition of barriers for borrowers trying to release co-signers,
among other misdeeds. Navient has been accused by the
Consumer Financial Protection Bureau ("CFPB") of deliberately
hindering borrowers from accessing income-based repayment plans
that would have lowered their loan costs. Personalized
repayment plans can help lower monthly payments for struggling
student loan borrowers. Despite this, Navient encouraged its
representatives to push borrowers toward less affordable repayment
options, according to a complaint filed by the CFPB.
Moore Kuehn encourages shareholders of Navient, borrowers
with student loans serviced by Navient, individuals with
information regarding Navient's conduct, including whistleblowers,
former employees, and current employees, and anyone who would like
to learn more about these claims to contact Justin Kuehn, Esq. by email at
jkuehn@moorekuehn.com or telephone at (212) 709-8245. There
is no cost or obligation to you. Attorney Kuehn is
experienced in prosecuting lawsuits against servicers in the
student loan industry. He has previously been interviewed by
ABC News for his work in a lawsuit he filed against Citibank,
Discover, and The Student Loan Company, and most recently,
successfully appealed under the Pennsylvania Right-to-Know Law,
requiring the Pennsylvania Higher Education Assistance Agency to
produce certain student loan records.
Moore Kuehn is a New York-based
law firm with attorneys specializing in representing investors and
consumers in class action litigation involving securities law
violations, financial fraud, breaches of fiduciary duties, and
other claims. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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