CRL: State Law Helps California's Becerra to Protect Student Borrowers
OAKLAND, CA – Yesterday, California Attorney General (AG) Xavier Becerra filed a lawsuit against Navient Corporation, the nation's largest student loan servicer and its subsidiaries for violations of the state's Unfair Competition and False Advertising Law. Approximately 1.5 million student loan borrowers in California could be affected by the litigation. Specifically, the lawsuit charges that Navient: Steers vulnerable borrowers toward more expensive repayment plans; Fails to adequately disclose how students could access income-driven repayment certification; Misrepresents the order in which