X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Sen. Elizabeth Warren isn’t letting up on Sallie Mae and how the Newark, Del.-based student lender may be benefitting from an inexpensive Federal Home Loan Bank credit line. The Massachusetts Democrat and consumer protection champion sent Sallie Mae President/CEO Jack Remondi a letter Friday that compared the lender’s use of the funds to how big banks benefitted from TARP funds.

When Warren served as chair of the Congressional Oversight Panel for TARP, she said she learned that government cash infusions into private companies, along with direct and indirect subsidies, can raise complex questions about which activities are being supported. Additionally, she said she learned to question whether companies receiving assistance are being entirely forthright in its description of the impact of such support.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.