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Investors need to pay close attention to Navient (NAVI) stock based on the movements in the options market lately.
The CFPB issues an order against NAVI to permanently ban it from servicing federal direct loans. Navient needs to pay $120 million to settle the CFPB's claims.
Navient is exiting the federal student loan business as a regulator prepares to fine it $120 million. The company, formerly known as Sallie Mae, was sued in 2017 by the Consumer Financial Protection Bureau (CFPB) over its lending practices.
In 2017, the Consumer Financial Protection Bureau sued Navient regarding its student-loan practices.
The settlement resolves a lawsuit filed by the Consumer Financial Protection Bureau in 2017, which claimed the company led borrowers astray.
Navient (NAVI) will divest its Healthcare Services business as part of an ongoing plan to streamline its business operations.
HERNDON, Va., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced that its board of directors approved a 2024 third quarter dividend of $0.16 per share on the company's common stock.
Company still in discussions about potential sale of Government Services businesses Company still in discussions about potential sale of Government Services businesses
Navient's (NAVI) Q2 earnings benefit from reduced expenses and a solid-liquid profile. However, lower NII and other income act as headwinds.
While the top- and bottom-line numbers for Navient (NAVI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.