![]() navient settlement for non-Parent PLUS federal student loans The ruling determined that Navient violated the Telephone Consumer Protection Act, by illegally obtaining consumer information from third parties and using an Automatic Telephone Dialing System to make phone calls to those who did not consent to receive these calls. The class action, which seeks treble damages of $1500 per call, is based on a settlement deal with Turner Law Offices, which filed the original suit. navient robocallsĪ new robocalls class action lawsuit has been filed against Navient Solutions, a company that repeatedly harasses consumers with automated calls. As a result, the company will cut checks to around 350 thousand former borrowers. The settlement will wipe out the balances of $1.7 billion worth of subprime private student loans. The settlement agreement requires Navient to follow stringent lending and collection guidelines, train at-risk borrowers, and limit certain late fees. Navient, the financial institution that issued student loans to students with bad credit, has settled a class-action lawsuit over the company’s practices. As of this writing, Navient’s settlement is only guaranteed if a judge gives his formal OK. ![]() While the settlement does not guarantee that every borrower who has a problem will have a claim, it does allow them to sue on behalf of other consumers who have been similarly affected. Navient has been the subject of several class-action lawsuits based on its practices in debt collection and loan servicing. In the meantime, many current borrowers must pay back their private loans to Navient. In this case, a settlement was reached and Navient paid out $2.5 million to settle the lawsuit. While a class action can involve any group of people, it is only guaranteed once a judge gives it the formal go-ahead. Many of these cases revolve around the company’s loan servicing and debt collection practices. There are many ways to file a Navient class action lawsuit. But what exactly is an “injunctive” class? The answer depends on the individual case, but this general rule applies to many class-action lawsuits. The plaintiffs are hoping to win millions in compensation for their customers, many of whom work for government agencies. The lawsuit proposes a nationwide “injunctive” class, which would prevent the defendant from continuing its illegal practices. A recent class-action lawsuit against Navient is a prime example of this.
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