Violation Tracker Parent Company Summary

Parent Company Name: 
Navient
Ownership Structure: 
publicly traded (ticker symbol NAVI)
Headquartered in: 
Delaware
Major Industry: 
financial services
Specific Industry: 
financial services
Penalty total since 2000: 
$95,313,854
Number of records: 
4
Top 10 Primary Offense TypesPenalty TotalNumber of Records
student loan abuses$60,000,0001
banking violation$33,300,0001
consumer protection violation$2,000,0001
wage and hour violation$13,8541
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

GENERAL REVENUE; NAVIENT SOLUTIONS; SALLIE MAE

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Type Year Agencysort icon Penalty Amount
Sallie Mae Inc. student loan abuses 2014 DOJ_RIGHTS $60,000,000
Navient Solutions, Inc. banking violation 2014 FDIC $33,300,000
Sallie Mae consumer protection violation 2007 NY-AG $2,000,000
General Revenue Corporation wage and hour violation 2007 WHD $13,854
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