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 email@example.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.
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
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