NAVI Navient Corp

Navient Resolves Legal Matters with Consumer Financial Protection Bureau

Navient Resolves Legal Matters with Consumer Financial Protection Bureau

HERNDON, Va., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today released the following statement after reaching an agreement with the Consumer Financial Protection Bureau to resolve previously disclosed litigation and investigations:

This agreement puts these decade-old issues behind us. While we do not agree with the CFPB’s allegations, this resolution is consistent with our go-forward activities and is an important positive milestone in our transformation of the company.

Navient is no longer a servicer or purchaser of federal student loans. In 2021, with the approval of the Department of Education, Navient transferred its contract to service government student loans to a third party, and earlier this year, Navient reached an agreement to outsource student loan servicing of its legacy FFELP student loan portfolios, which began on July 1, 2024. Navient will oversee its third-party servicing provider to meet all operational terms of the agreement.

About Navient

Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare, and government. Learn more at .

Contact:

Media: Paul Hartwick, 302-283-4026,

Investors: Jen Earyes, 703-984-6801,



EN
12/09/2024

Underlying

NAVINavient Corp

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Navient Corp

 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient posts first quarter 2025 financial results

Navient posts first quarter 2025 financial results HERNDON, Va., April 30, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today posted its 2025 first quarter financial results. Complete financial results are available on the company’s website at . The materials will also be available on a Form 8-K on the SEC’s website at . Navient will hold a live audio webcast today, April 30, 2025, at 8 a.m. ET, hosted by David Yowan, president and CEO, and Joe Fisher, CFO. Analysts and investors who wish to ask questions are requested to pre-register at at least 15 minutes ahead of start time to re...

April 30, 2025 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient to announce first quarter 2025 results, host earnings webcast ...

Navient to announce first quarter 2025 results, host earnings webcast April 30 HERNDON, Va., April 09, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) will host an audio webcast to review its first quarter 2025 financial results on Wednesday, April 30, 2025, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on . In addition to being available on the company’s investor website, the results will be filed with the SEC on a Form 8-K available at . The webcast and presentation slides also will be available on . Analysts and investors who wish to ask...

April 9, 2025 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient declares first quarter common stock dividend

Navient declares first quarter common stock dividend HERNDON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced that its board of directors approved a 2025 first quarter dividend of $0.16 per share on the company's common stock. The first quarter 2025 dividend will be paid on Mar. 21, 2025, to shareholders of record at the close of business on Mar. 7, 2025. About NavientNavient (Nasdaq: NAVI) provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services ...

February 21, 2025 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient finalizes sale of Government Services business

Navient finalizes sale of Government Services business HERNDON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it has finalized the sale of its Government Services business to an affiliate of Gallant Capital Partners, LLC, a Los Angeles-based investment firm. Navient’s Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery and Navient BPO. Approximately 1,200 employees are transferring with those businesses as a part of the transaction, which a...

February 21, 2025 1 EN
 PRESS RELEASE
Free
NAVI NAVIENT CORP

Navient posts fourth quarter 2024 financial results

Navient posts fourth quarter 2024 financial results HERNDON, Va., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today posted its 2024 fourth quarter financial results. Complete financial results are available on the company’s website at . The materials will also be available on a Form 8-K on the SEC’s website at . Navient will hold a live audio webcast today, Jan. 29, 2025, at 8 a.m. ET, hosted by David Yowan, president and CEO, Edward Bramson, vice chair of Navient’s board of directors, and Joe Fisher, CFO. Analysts and investors who wish to ask questions are requested to pr...

January 29, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch