Pa. AG Can Bring Parallel Navient Claims, CFPB Tells 3rd Circ.

Law360 (August 29, 2019, 9:23 PM EDT) -- The Consumer Financial Protection Bureau told the Third Circuit on Thursday that its governing statute allows for parallel enforcement by the agency and state attorneys general, sticking up for Pennsylvania’s right to bring harmful practices claims against Navient Corp. that are similar to ones the agency is already pursuing.

Delaware-based Navient has argued that the consumer protection case it’s facing from Pennsylvania Attorney General Josh Shapiro contains claims lifted from a preexisting — and still ongoing — CFPB suit accusing the student loan servicing giant of mistreating borrowers, and that such “copycat” claims must be thrown out as prohibited under the...

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