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Sallie Mae to Pay $60M for Overcharging Servicemembers

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By Dunstan Prial Published May 13, 2014 FOX Business Sallie Mae, the largest U.S. student lender, and its former loan servicing unit have agreed to pay $60 million in penalties to settle allegations they knowingly charged members of the military excessive interest rates and forced others into default. The U.S. Justice Department, which brought the […]

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