Mulvaney Downgrades Student Loan Unit in Consumer Bureau Reshuffle [The New York Times]
Navient Corporation (NAVI)
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Source: The New York Times
Image Mick Mulvaney, the interim head of the Consumer Financial Protection Bureau, has informed the staff that he will move the student loan investigation division into the consumer information unit. Credit Tom Brenner/The New York Times May 9, 2018 WASHINGTON — Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau , will move the agency’s student loan division into the bureau’s consumer information unit, a shift that career officials fear will sidetrack a major enforcement case the agency is pursuing against Navient, the nation’s largest student loan collector. The change, outlined in an email sent to the bureau’s staff Wednesday morning, is part of an effort by Mr. Mulvaney to refocus the agency away from its consumer finance enforcement and rule-writing mission and more toward providing consumers with information about their legal rights. It follows a similar move Mr. Mulvaney made in February, when he folded the bureau’s fair lendin
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- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at JPMorgan Chase & Co. from $17.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at Barclays PLC from $13.00 to $11.00. They now have an "underweight" rating on the stock.MarketBeat
- Boys & Girls Clubs of Delaware, Navient to host May 4 college planning conference [Yahoo! Finance]Yahoo! Finance
- Boys & Girls Clubs of Delaware, Navient to host May 4 college planning conferenceGlobeNewswire
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $19.00 to $17.00. They now have a "market perform" rating on the stock.MarketBeat
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