The $4.2 billion Pennsylvania Employee Credit Union is getting out of the student loan business, but Harrisburg, Penn.-based credit union’s decision isn’t related to recent criticism directed at loan servicer Sallie Mae.
Student loan giant, credit union client differ with CFPB report of widespread service complaints.
Analysis shows largest student loan servicer at bottom of peer pool, could affect contract allocation.
The Massachusetts Democrat sent Sallie Mae President/CEO Jack Remondi a letter that compared the lender’s use of FHLB funds to how big banks benefitted from TARP funds.
Sallie Mae chief responds to criticism earlier this week from Sen. Elizabeth Warren (D-Mass.)
Massachusetts senator questions interest markup Sallie Mae passes on to student borrowers.
Los Angeles County credit union will refer members to apply for student loans through its website.
Alabama-based corporate to offer Smart Option Student Loan program to its credit union members.
After more than 75,000 people asked Sallie Mae to stop charging forbearance fees to unemployed college students via an online petition, the education-focused financial services company made a compromise.
After 50,000 sign petition, company said it will apply good-faith payments to customer balance when on-time payments resume.