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Student Loan Servicer Fights Back as States Eye Protections

Tuesday, June 20, 2017
Marina Villeneuve | Associated Press
Whitney Barkley-Denney

That change and Navient's lobbying against state licensing efforts are drawing concern from consumer advocacy groups, who point to federal scrutiny over Navient and President Donald Trump's administration's moves to change regulations protecting borrowers. "From our perspective, that's going to require more state oversight," said Whitney Barkley-Denney, from the Center for Responsible Lending. "One servicer creates a too-big-to-fail environment where it's a state-created monopoly for student loan servicing."