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.
ALEXANDRIA, Va. — The NCUA’s proposed derivatives rule includes a possible fee structure for credit unions applying for and using the authority that could discourage them, say those involved with the regulator’s pilot program. And one credit union chief financial officer said she won’t apply if the final rule includes...
Affinity CFO says "to pay fees to reduce risk to the fund is alien to me in any other regulatory regime.”
From the Wall Street Journal to the activist blog Zero Hedge, economists and pundits have been actively debating this year whether or not a student loan asset bubble exists and if so, when it might pop.
Killeen credit union joins about 500 credit unions that offer Sallie Mae’s Smart Option Student Loan referral program.