Fishman Haygood Pursues Claims Against Student Loan Servicer Navient in Puerto Rico
August 28, 2023
On August 18, 2023, Puerto Rico’s Attorney General Domingo Emanuelli Hernández filed a lawsuit against Navient Corporation and Navient Solutions, LLC (“Navient”) for improper servicing of student loans under the Consumer Financial Protection Act. The suit alleges that Navient violated federal and state law by engaging in several distinct types of wrongdoing, including the origination of subprime loans that it did not expect students to be able to repay; steering students into forbearance, rather than income-driven repayment; servicing failures relating to recertification; misrepresentations relating to co-signer release; and payment processing errors. Click here to read more Law360 coverage.
In a press conference on August 22, 2023, the Puerto Rico Department of Justice indicated that at least 20,000 students residing in Puerto Rico have been impacted by Navient’s allegedly deceptive practices. Thaizza Rodríguez Pagán, special assistant in the Secretary of Justice’s Office, called the company’s conduct “abusive and irregular.” Read more in this Puerto Rico Hoy article.
The Commonwealth of Puerto Rico is represented by Fishman Haygood attorneys Jason Burge, Kaja Elmer, and Lara Richards. Attorneys from Vicente Law LLC and Jones Swanson Huddell LLC serve as co-counsel to the plaintiff.
Fishman Haygood represents both plaintiffs and defendants in class action and mass action litigation, both in Louisiana and across the nation. Click here for more information.