Even though he "obviously" has standing, the CEO of a significant student loan company . 

says he won't sue Biden over debt cancellation.Biden's student loan forgiveness plan. 

Is not the subject of any legal action, according to Navient CEO Jack Remondi. 

 He did, however, mention that his business would be eligible to file a lawsuit.

President Joe Biden recently announced debt relief, but the president of a significant student loan company says he could sue over it but won't.

Jack Remondi, CEO of Navient, a provider of student loans, joined Barclays Global Financial Services.

Conference this week to discuss Biden's recent announcement of a $20,000 loan forgiveness programme.

Given that many Republicans have been opposing the relief since the president assumed office. 

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