It’s rare for a company to be this bold. It’s a sound legal argument, but it may not be the best public relations argument.
— Jenny Lee, a partner at Dorsey & Whitney’s Washington, D.C., office, commenting on the shocking arguments made by student debt servicer Navient in its motion to dismiss a complaint filed against it in January by the Consumer Financial Protection Bureau. Navient argued that because it was not required by federal law, borrowers could not “reasonably rely” on the company to counsel them about their debt repayment options. Furthermore, Navient said that its only duty was to act in lenders’ best interests, not borrowers’ best interests.
How LexisNexis State Net Uses Gen AI To Tame Gov’t Data
Its new features transform how you can track and analyze the more than 200,000 bills, regulations, and other measures set to be introduced this year.
Staci Zaretsky is an editor at Above the Law. She’d love to hear from you, so feel free to email her with any tips, questions, or comments. You can follow her on Twitter or connect with her on LinkedIn.