CFPB urges denial of delay in pursuit of Navient loan service

By Matthew Santoni (February 5, 2021, 8:43 p.m. EST) – Student loan manager Navient should not be able to stay a Consumer Financial Protection Bureau lawsuit pending an appeal to the Third Circuit because questions about the constitutionality of the agency’s setup had legitimately stopped the limitation period for claims against the company, and there was no precedent to say otherwise, the CFPB argued in federal court in Pennsylvania.

In its Thursday brief, the bureau opposed Navient Corp’s request. that the court certify its January 13 decision dismissing its motion to dismiss the case, which would allow Navient to appeal to the Third Circuit and stay the prosecution while the appeal is pending. …

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