Elizabeth Warren calls Navient 'scammers' after student loan giant celebrates making the Fortune 500 [View all]

[Omaha Steve]

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By Jillian Berman
Published: May 17, 2019 2:35 p.m. ET


The company is facing multiple lawsuits from the CFPB and states attorneys general

Student loan giant Navient NAVI, -0.66% celebrated a corporate milestone on social media this week and it didn’t take long for the internet to clap back.

Navient announced via Twitter TWTR, -2.09% on Thursday that the company had made the Fortune 500 list, an annual ranking by the magazine of the most valuable companies. For some, like Sen. Elizabeth Warren, a Democrat of Massachusetts and 2020 presidential candidate, it didn’t seem like an achievement the company should be celebrating.

“I didn’t know they had a special section for scammers,” Warren, whose been a prominent critic of the student loan industry for years, tweeted, in part.

Pennsylvania Attorney General Josh Shapiro, who is suing Navient over claims the company misled borrowers, offered a similar sentiment, calling the company’s tweet “Shameful.” The replies to Warren’s tweet also included borrowers complaining about their experience with the company.

FULL story: https://www.marketwatch.com/story/elizabeth-warren-calls-navient-scammers-after-student-loan-giant-celebrates-making-the-fortune-500-2019-05-17


Presidential candidate Sen. Elizabeth Warren, a Democrat from Massachusetts, criticized student loan giant Navient after the company celebrated making the Fortune 500 on Twitter. (Photo by Spencer Platt/Getty Images)