If you have a student loan, there is a high chance that you already know Navient. In 2014, Sallie Mae divided its operations into two different entities, Sallie Mae Bank and Navient. By serving more than 12 million borrowers, Navient is servicing and collecting debt from almost one-fourth of all debtors in the U.S. Unfortunately, such significant control over debt collection comes at a cost. Navient frequently faces lawsuits as class-actions or from organizations like the Consumer Financial Protection Bureau. This guide will present 2020 Navient lawsuit updates with detailed background information. Besides, we will discuss the options borrowers have to avoid such legal hassles and get rid of the debt efficiently.
Navient vs. American Teachers Federation- Settled (May 2020)
As Navient serves more than 10 million students, any Navient lawsuit update creates a huge excitement among the borrowers. In May 2020, it was announced that Navient agreed to a settlement with the American Federation of Teachers. This federation is the second-largest union of teachers in the U.S. The lawsuit among these parties started back in October 2018. The federation sued Navient, claiming that the loan servicer misled debtors. Instead of informing the borrowers about financial assistance programs like the Public Service Loan Forgiveness, the loan servicer recommended repayment plans or forbearance programs. It should be clarified that the PSLF is a forgiveness program that eliminates the debt after the borrower makes 120 eligible, successful payments. As a result of Navient’s misdirection, many borrowers did not benefit from the forgiveness program, and they lost their chances for collecting points from their previous qualifying payment.
Navient Lawsuit Update A number of the opposite side effects caused by the erosion or organ perforation related to mesh include mental problems, emotional problems, bleeding, vaginal scarring, and vaginal shrinkage. Women whose lives are disrupted by these side effects want manufacturers of the mesh to require responsibility for ruining their quality of life.
Transvaginal Mesh Lawsuit Updates
With numerous tens of thousands of lawsuits ongoing at the instant , there are always updates available. These mesh implant lawsuits are being updated almost daily, and ladies involved in their own lawsuit want to understand what’s happening to other women involved in similar lawsuits.
Transvaginal mesh, while a more convenient and safer option for ladies that suffer from POP or SUI, is dangerous. it’s a failure rate of nearly 10 percent. Most of the ladies whose mesh fails determine that they need perforated organs and/or erosion. This causes bleeding that does not stop, emotional problems, vaginal scarring, and other health related issues. Women who need to undergo surgery to possess their mesh repaired need to affect an extended and painful recovery process. For this reason, those women are seeking compensation for the damages the mesh implant provided them.
Navient Lawsuit Updates: A Look Back at 2020