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Violation Tracker Individual Record

Company: Navient Solutions LLC
Current Parent Company: Navient
Penalty: $198,400,000
Year: 2023
Date: December 14, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Student Loan and For-Profit College Abuses
Violation Description: Navient agreed to provide nearly $200 million in debt forgiveness and payment reimbursement to student loan borrowers from whom it sought to collect on loans that had been discharged in bankruptcy.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of New York Bankruptcy Court
Civil or Criminal Case: civil
Case ID: 1:17-ap-1085
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Delaware
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.