Shapiro bans Equitable Acceptance from refinancing student loan debt

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He added, “Student loan debt is a huge burden for far too many in our Commonwealth, which is why we’re fighting for borrowers every day. When companies like Equitable Acceptance come along, prey on Pennsylvanians and try to rip them off with high-interest pay-back schemes, we will hold them accountable.”

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Last week, Shapiro won a ruling from the U.S. Court of Appeals for the Third Circuit, which allowed his lawsuit against Navient to proceed towards trial. Navient is the largest student loan servicer in the United States. He is suing the company for allegedly committing abusive, deceptive, and unfair practices in connection with its student loan origination and servicing.

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