Navient

Navient Settles for $1.85 Billion Over Student Loan Servicing Fraud - Steered Borrowers Into Costly Forbearances

2022-01-13 00:00:00 +0000 UTC | Importance: 8/10

A bipartisan coalition of 39 state attorneys general announced a $1.85 billion settlement with Navient Corporation on January 13, 2022, resolving allegations that the student loan servicing giant engaged in systematic fraud by steering struggling borrowers into costly long-term forbearances instead …

Navient Letitia James student-debt fraud loan-servicing navient

Two Decades of Bankruptcy Weaponization: Students Crushed While Corporations Shield Billions (2005-2024)

2005-04-20 00:00:00 +0000 UTC | Importance: 9/10

Between 2005 and 2024, the United States operated a two-tiered bankruptcy system that weaponized debt against students and working Americans while preserving bankruptcy as a strategic wealth-preservation tool for corporations and the wealthy—a defining example of 21st century American kleptocracy. …

Corinthian Colleges ITT Tech University of Phoenix Purdue Pharma Sackler Family +2 more bankruptcy-law student-debt corporate-fraud inequality kleptocracy