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Pa. attorney general sues Navient over lending practices


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Pa. attorney general sues Navient over lending practices

Pennsylvania Attorney General Josh Shapiro is suing Navient Corp. and subsidiary Navient Solutions LLC for engaging in "unfair and deceptive lending" practices and failing to provide "proper repayment plans" to their student customers.

The lawsuit, filed in the U.S. District Court for the Middle District of Pennsylvania, may include loans originated by Sallie Mae.

The suit seeks full restitution to borrowers, disgorgement of unlawfully gained profits, civil penalties, and the rescission or reformation of contracts or loan agreements between Navient and affected Pennsylvania consumers. It also asks the court to order Navient to cease collection of negative credit information in connection with the loans called into question and to stop sending that information to credit-reporting agencies.