The debate on the time limit on Navient loan applications will go to the 3rd Circ.


By Grace Dixon (March 1, 2021, 8:13 p.m. EST) – A Pennsylvania federal judge has granted Student Loans Manager Navient’s offer to seek the Third Circuit’s opinion on whether there are questions about constitutionality of the Consumer Financial Protection Bureau’s setup have stopped the clock on claims it has misled borrowers.

U.S. District Judge Robert Mariani suspended the CFPB prosecution on Friday and granted Navient Corp’s request. to certify a decision of January 13 rejecting his request for rejection. The order sends to the Third Circuit whether the litigation statute of limitations has been met as a constitutional challenge to the CFPB structure made its way through the courts. …

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