Sallie Mae, the largest servicer of federal and private student loans, was ordered to pay $96.6 million in restitution and penalties for violating the legal rights of U.S. service members, according to the Justice Department.
Justice Department says the student loan servicer overcharged military borrowers.
J.P. Morgan VP shared information with his childhood friend on at least 15 pending transactions, including the First Data acquisition.
NAFCU, CUNA see minimum direct impact on credit unions but leveling of playing field.
Gary Perez is upbeat about the future of private student loans.
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.)