Trump's CFPB is shutting the office that focuses on student loan abuses [Los Angeles Times (CA)]
Navient Corporation (NAVI)
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Source: Los Angeles Times
Trump's CFPB is shutting the office that focuses on student loan abuses The Trump administration signaled Wednesday that it intends to pull back on investigating potential abuses by companies in the $1.5-trillion student loan market. The Consumer Financial Protection Bureau will shut its student lending office, according to a bureau-wide memo written by its acting director, Mick Mulvaney. The student loan office at the CFPB had been responsible for returning $750 million in relief. Its responsibilities are being moved under the broad umbrella of "financial education." The office had been primarily responsible for an investigation into the troubled student lender Navient, which the CFPB sued last year alleging unfair and abusive practices. The office also investigated and sued for-profit education company Corinthian Colleges. A CFPB spokesman did not respond to multiple requests for comment on whether the bureau plans to maintain the number of its investigators looking at student loans
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News
- 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
NAVI
Earnings
- 4/25/24 - Miss
NAVI
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- 4/25/24 - Form 8-K/A
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- NAVI's page on the SEC website