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Student-Debt Firms Protected From State Probes Under Trump Plan [Bloomberg Business News]

NAVIENT CORP COMMON STOCK (NAVI)  More Company Research Source: Bloomberg Business News
Last navient corp common stock earnings: 7/24 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: navient.com/about/investors
PDF Student-loan debt collectors accused of misleading borrowers would get protection under a proposal from the Trump Administration. The Department of Education may issue a statement that federal law prohibits state governments from regulating companies that collect student debt on the department’s behalf, according to documents reviewed by Bloomberg. The proposal, which would reverse the department’s position in 2016 , could aid publicly traded companies such as Navient Corp. and Nelnet Inc. , which collect monthly payments and counsel borrowers. Former President Barack Obama, whose administration tried to tighten oversight of the companies, was too aggressive in those efforts, Mick Mulvaney, the new chief of the Consumer Financial Protection Bureau, has said. More than 1 million Americans annually default on loans made directly by the department, federal data show. The Education Department “seems to have taken a position that servicers are mo [Read more]

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