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California braces for battle with Trump administration over student loans [Los Angeles Times (CA)]

NAVIENT CORP COMMON STOCK (NAVI)  More Company Research Source: Los Angeles Times
Last navient corp common stock earnings: 7/24 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: navient.com/about/investors
PDF California braces for battle with Trump administration over student loans Ask Republican politicians how they feel about gun control, and they'll say this is a matter for states to decide. "I think we need to respect federalism and respect local jurisdictions," House Speaker Paul D. Ryan insisted just last week. But ask Republicans about protecting people from being ripped off by student-loan debt collectors, and they'll sing a completely different tune. A confidential draft memo drawn up by the U.S. Department of Education lays out the case for why states, including California, should abandon their own laws for student-loan servicers and let the feds allow these for-profit companies to skate by with considerably less oversight. I got my hands on a copy of the memo. It doesn't mince words in telling California and other states to back off. "State regulation of the servicing of Direct Loans impedes uniquely Federal interests," it declares. The memo says the federal government has juris [Read more]

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